In: Statistics and Probability
Suppose that a truck has a legal load carrying capacity of 10,000 lbs. We want to load product, with an average weight of 21 lbs. and a standard deviation of 4 lbs. onto the truck. If we have 473 of these units, how many can we load on the truck if we only want to have a 1% risk chance of “overloading” the truck?
a. |
473 |
|
b. |
472 |
|
c. |
471 |
|
d. |
470 |
|
e. |
463 |
Let N be the number of units to be loaded.
Average weight of total N units = 21N lbs
Variance of N units = N = 16N
Standard deviation of N units = = 4
Let T be the total weight of N units. Then by Central limit theorem, T ~ (21N , 16N)
P(T > 10,000) = 0.01
P[Z > (10000 - 21N) / (4 ) ] = 0.01
(10000 - 21N) / (4 ) = 2.326
10000 - 21N = 9.304
Squaring we get,
Using quadratic equation formula,
N = (420086.6 - 8529.449 ) /882 , (420086.6 + 8529.449 ) /882
N = 466.6181 , 485.9592
We will take vales less than 473 units. So, N = 467 (Rounding to nearest value)
467 answer is not given. We will choose the value lower than 467 which is 463
e. 463