Given the following product with 6 independent components (numbers represent lifetime component reliabilities): 0.06098 0.04248 0.0008364 0.04098 0.9390 0.98 The value of Q for the product = 0.9575 0.47 0.47 0.47 0.47 0.47
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- The matrix of transition probabilities below deals with brand loyalty to CoronaBits and CovidBits junk food. Current Next Purchase Purchase CoronaBits CovidBits CoronaBits .75 25 CovidBits 20 .80 What are the steady state probabilities? O [3/4 1/4] O [ 2/3 1/3] O [4/9 5/9] O [1/2 1/2]A company specifies that, at receiving inspection, a random sample equal to 10% of the lot size will be drawn and inspected. If one or more units are nonconforming, the remaining of the whole lot must be screened (100% inspected). The cost of screening is charged to the supplier. Supplier A ships in lots of 500 units; supplier B, in lots of 1,000 units. What is the probability of acceptance for each supplier if the lots contain 0.3% nonconforming product? Do you think the company’s sampling plan is fair to its suppliers? Why or why not?Mal-VX Present x Ellucian x | To Do A X Quizzes Xx CA priva x1b Home] /d21/lms/quizzing/user/attempt/quiz start frame auto.d21?ou-3101790&isprv &qi-3848618&cfql=0&dnb=0&fro f Final Exam-Q1-Q11 3 6 9 ation XBXE Question 10 (1 point) Listen A private equity firm is considering five competing projects in which to invest in the upcoming quarter. The firm needs to decide how to allocate its available capital based upon the combination of projects (denoted as A to E) selected to maximize returns (based upon net present value (NPV)). Table 1 below presents the capital requirements and the NPV for each project, along with the associated risk (given as a percentage of the initial investment). The company has $43 million in capital to allocate, with the goal of having an average associated risk of no more than 5%. There are some additional constraints to be met: (i) if project B is selected, then project E is also selected; (ii) one of the two projects A and C must be selected but not both;…
- Evaluate (49−6000)(124+12)mod61. Which of the following Risk Management Processes covers the determination of the likelihood and consequence of risks identified on the effective and efficient pursuit of business activities? Group of answer choices Risk mitigation and avoidance Risk monitoring None of the choices Risk identification Risk qualification and prioritizationA certain reagent is created to test for an infectious disease. The test has anaccuracy rate of p = 90%, and the accuracy does not depend on whether or not thepatient is actually infected. a. If four people are tested for the disease, what is the probability that at leastthree of them receive accurate test results? b. In an area where q = 5% of people are infected, a man’s test result ispositive. What is probability that it is a false positive (which means that he is notinfected but the test is positive due to inaccuracy)? *please solve for a-b, type or neatly write your answers on paper, NO EXCEL* thank you !
- 1. Suppose that you are an ammunition manufacturer and that your manufacturing process yields a true % of defects of 2.5%. The probability of accepting a lot of 40,000 cartridges for a sample of 3000 with 15 defects is 85%. The AOQ for this set of 40,000 cartridges is _____ %. 2. You are the process improvement manager and have just purchased a metal sheet roller to form gasket material for high-performance engines. You are excited because the company's goal is 6 sigma (no more than 3.4 defects per million) and this machine may be the innovation that you need. The gaskets cannot be more than 0.0002 in from the required thickness of 0.025 in. You want to know if you should replace the existing roller that has a Cpk = 1.0. The new sheet roller has a Cpk = ___. Round the answer to 2 decimal places.Topford supplies X-Data DVDs in lots of 50, and they have a reported defect rate of 0.5% so the probability of a disk being defective is 0.005. It follows that the probability of a disk being good is 0.995. What is the probability of getting at least one defective disk in a lot of 50? Group of answer choices None of the above 0.0562 Approximately 0 0.0246Cpk can never be higher than Cp. T or F Non-parametric analysis is usually used for non-ratio and non-interval data. T or F Parametric analysis is stronger, better chance of not having a type II error, than non-parametric analysis T or F
- The claim payments on a sample of ten policies are: 2 3 3 5 5* 6 7 7* 9 10* + indicates that the loss exceeded the policy limit Using the Product-Limit estimator, calculate the probability that the loss on a policy exceeds 8. (A) 0.20 (В) 0.25 (C) 0.30 (D) 0.36 (E) 0.40Which of the following is a likely source of basis risk? All of these None of these Crude oil is being used to hedge the price risk of downstream (refined) petroleum product O The termination date of exposure is two weeks later than the contract expiration date. A power plant in the Northeast is managing its input (natural gas) risk using a contract priced at Henry Hub, Louisiana.Q11) In the visual-fit method, the cost analyst visually fits a straight line through a plot. Select one: True False