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Question 1. True or False: If a point on a control chart falls outside the control limits, the corresponding product should be scrapped. 2. True or False: Six Sigma process improvement techniques can only be applied to manufacturing processes. Summary These objective questions belong to Statisti ... Read More
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Question 1. If a process measurement that is in statistical control has a mean of 41.6, a long-term standard deviation of 1, and specifications at 40 +/- 6, what is the Cp of the process? 2. If a process measurement that is in statistical control has a mean of 11.2, a ... Read More
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Question 1. Using the standard normal distribution table (Z), what is the probability that a point falls outside 1 standard deviation? 2. Using the standard normal distribution table (Z), what is the probability that a point falls outside 2 standard deviations? Summary These objective ... Read More
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Question 1. ___________ is the process of drawing conclusions about unknown characteristics of a population from data. a. Logical inference b. Post-data inference c. Statistical inference d. Random inference 2. Suppose that a scatter diagram of two variables depicts a relationsh ... Read More
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Question The standard deviation (square root of variance) of monthly changes in the spot price of jet fuel is 16.5 cents per gallon. The standard deviation of monthly changes in the futures price of crude oil is $4.5 per barrel. There are 31.5 gallons in 1 barrel. The correlation between the spot a ... Read More
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Question The following table gives data on daily changes in the spot price and futures price for a certain commodity:ΔS +5 +8 -2 +3 -5 +0 -2 +7 ... Read More
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Question Today (time t = 0) the stock price of company XYZ is S = 70. In 6 months (time t = 0:5) it changes (under the true probability measure P) with probability of 70% to S(u)0.5 = 90 and with probability 30% to S(d)0.5 = 60. From time t = 0:5 to time t = 1 the stock price may increase by 30% wi ... Read More
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Question Consider the following ex ante (expected) distributions for assets 1 and 2: marginal distributions Asset 1 Asset 2 m R1m f(R1m) l R2 ... Read More
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Question Consider the following ex ante (expected) distributions for assets 1 and 2: marginal distributions Asset 1 Asset 2 m R1m f(R1m) l R2 ... Read More
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Question Consider the following ex ante (expected) distributions for assets 1 and 2: marginal distributions Asset 1 Asset 2 m R1m f(R1m) l R2 ... Read More
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Question Among 160 progeny in the F2 generation of a dihybrid cross, a geneticist observes four distinct phenotypes in the ratio 91: 21: 37: 11. She believes this result may be consistent with a ratio of 9:3:3:1. Perform a Chi Square test to determine if her hypothesis is correct. Summary The que ... Read More
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Question 1. Using Microsoft Excel, plot the following data on to a single graph. Include appropriate figure titles etc. and paste this into your answer document. Be sure to include the error bars for the standard deviation (SD). Please also make sure that you provide an appropriate description of ... Read More
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