Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337298353
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: South-Western College Pub
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 6, Problem 6.2.2CP

Gebhardt Electronics
Gebhardt Electronics produces a wide variety of transformers that it sells directly to manufacturers of electronics equipment. For one component used in several models of its transformers, Gebhardt uses a 3-foot length of .20 mm diameter solid wire made of pure Oxygen-Free Electronic (OFE) copper. A flaw in the wire reduces its conductivity and
increases the likelihood it will break, and this critical component is difficult to reach and repair after a transformer has been constructed. Therefore, Gebhaldt wants to use primarily flawless lengths of wire in making this component. The company is willing to accept more than a 1 in 20 chance that a 3-foot length taken from a spool will be flawless. Gebhaldt also occasionally uses smaller pieces of the same wire in the manufacture of other components, so the 3-foot segments to be used for this component are essentially taken randomly from a long spool of. 20 mm diameter solid OFE copper wire.
Gebhardt is considering a new supplier for wire. This supplier claims that its spools of .20 mm diameter solid OFE copper wire average 50 inches between flaws. Gebhardt must determine whether the new supply will be satisfactory if the supplier's claim is valid.

Managerial Report
In making this assessment for Gebhardt Electronics, consider the following three questions:
2. Using the probability distribution you identified in (1), what is the probability that Gebhardt's criteria will be met (i.e., a 1 in 20 chance that a randomly selected 3-foot segment of wire provided by the new supplier will be flawless)?

Blurred answer
Students have asked these similar questions
7.1. If X has an exponential distribution with the parameter 0, use the distribution function technique to find the probability density of the random variable Y = ln X. bilaga in dwreat
3. Please
What does the margin of error include? When a margin of error is reported for a survey, it includes  a. random sampling error and other practical difficulties like undercoverage and non-response  b. random sampling error, but not other practical difficulties like undercoverage and nonresponse  c. practical difficulties like undercoverage and nonresponse, but not random smapling error  d. none of the above is corret
Knowledge Booster
Background pattern image
Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning
Text book image
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
Probability & Statistics (28 of 62) Basic Definitions and Symbols Summarized; Author: Michel van Biezen;https://www.youtube.com/watch?v=21V9WBJLAL8;License: Standard YouTube License, CC-BY
Introduction to Probability, Basic Overview - Sample Space, & Tree Diagrams; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=SkidyDQuupA;License: Standard YouTube License, CC-BY