The Three Sisters Lumber Company is considering buying a machine that planes lumber to the correct thickness.
Question:
The Three Sisters Lumber Company is considering buying a machine that planes lumber to the correct thickness. The machine is advertised to produce “6-inch lumber” having a thickness that is normally distributed, with a mean of 6 inches and a standard deviation of 0.1 inch.
a. If building standards in the industry require a 99%
chance of a board being between 5.85 and 6.15 inches, should Three Sisters purchase this machine?
Why or why not?
b. To what level would the company that manufactures the machine have to reduce the standard deviation for the machine to conform to industry standards?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780136121015
8th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith
Question Posted: