In: Statistics and Probability
A production process is checked periodically by a quality control inspector. The inspector selects simple random samples of 50 finished products and computes the sample mean product weights x. If test results over a long period of time show that 5% of the x values are over 4.1 pounds and 5% are under 3.9 pounds, what is the standard deviation (in lb) for the population of products produced with this process? (Round your answer for the standard deviation to two decimal places.)
Let X be the product weight of a randomly selected product from the population of products.
Let the mean weight for the population of products (that is mean
of X) be and the standard
deviation of weight for the population of products (standard
deviation of X) be
.
Let be the
sample mean weights for a simple random samples of 50 finished
products.
Using the central limit theorem, we know that since the sample
size is greater than 30, is normally
distributed with mean
and standard deviation (or standard error of mean)
We have that 5% of the values are
over 4.1 pounds. That is the probability that
is
greater than 4.1 pounds is 0.05
Next, we know that 5% of the values are
under 3.9 pounds. That is the probability that
is less
than 3.9 pounds is 0.05
Now we need to find the value of Z for which P(Z<z) = 0.05. We know that the area under the standard normal curve to the left of mean (which is zero) is 0.5. That is P(Z<0) = 0.5. Since 0.05 is less than 0.5, the value of z must be negative.
Hence we need P(Z<-z) = 0.05. This is same as
From the standard normal tables we know that P(Z<1.645) = 0.95. Hence P(Z<-1.645) = 0.05
Now we equate the z score of 3.9 to -1.645 and get
By equating the 2 values of mu we get
ans: The standard deviation (in lb) for the population of products produced with this process is 0.43 lbs