Question
The lengths of mass-produced components are normally distributed with mean 15cm and standard deviation 0.03cm. Each component cost Ksh8 to produce. A component shorter than
The lengths of mass-produced components are normally distributed with mean 15cm
and standard deviation 0.03cm. Each component cost Ksh8 to produce. A component
shorter than 14.95cm has to be scrapped, whereas a component larger than 15.05cm
can be trimmed at a further cost of Ksh3. components having lengths between these
limits are satisfactory and cost the manufacturer nothing extra. Acceptable
components are then sold at Ksh15.
Of 1000 components made, how many of them would you expect to
be scrapped
be acceptable after trimming
be immediately acceptable.
What is the expected total profit for the 1000 components sold?(8marks)
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