Question

In: Statistics and Probability

A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000.

 

A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000. The acceptance sampling procedure uses 15 randomly selected crystals.

If

p0 = 0.01

and

p1 = 0.08,

what are the producer's and consumer's risks for each sampling plan in part (a)? (Round your answers to four decimal places.)

c Producer's Risk Consumer's Risk
0 .1399 .2863
1    
2    

Solutions

Expert Solution

Answer:


Related Solutions

A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000.
  A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of 1,000. The acceptance sampling procedure uses 15 randomly selected crystals If p0 = 0.01 and p1 = 0.08, what are the producer's and consumer's risks for each sampling plan in part (a)? (Round your answers to four decimal places.) c Producer's Risk Consumer's Risk 0     1     2    
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to two...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 35 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
29) Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches...
29) Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 32 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 26 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 4 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 30 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have...
Accrotime is a manufacturer of quartz crystal watches. Accrotime researchers have shown that the watches have an average life of 36 months before certain electronic components deteriorate, causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months, and the distribution of lifetimes is normal. (a) If Accrotime guarantees a full refund on any defective watch for 2 years after purchase, what percentage of total production will the company expect to replace? (Round your answer to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT