Gebhardt Electronics produces a wide variety of transformers that it sells directly to manufacturers of electronics equipment.
Question:
Gebhardt is now considering a new supplier for copper wire. This supplier claims that its spools of .20 mm diameter solid OFE copper wire average 50 inches between flaws. Gebhardt now 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:
1. If the new supplier does provide spools of .20 mm solid OFE copper wire that average 50 inches between flaws, how is the length of wire between two consecutive flaws distributed?
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)?
3. In inches, what is the minimum mean length between consecutive flaws that would result in satisfaction of Gebhardt's criteria?
4. In inches, what is the minimum mean length between consecutive flaws that would result in a 1 in 100 chance that a randomly selected 3-foot segment of wire provided by the new supplier will be flawless?
Distribution
The 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...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Modern Business Statistics With Microsoft Excel
ISBN: 9781337115186
6th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Question Posted: