Consider the situation of Exercise 9.13. Estimation of the mean diameter, while important, is not nearly as
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Consider the situation of Exercise 9.13. Estimation of the mean diameter, while important, is not nearly as important as trying to "pin down" the location of the majority of the distribution of diameters. To that end find the 95% tolerance limits that contain 95% of the diameters.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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