A metal fabricator produces connecting rods with an outer diameter that has a 1 .01 inch
Question:
A metal fabricator produces connecting rods with an outer diameter that has a 1 ± .01 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.002 inches with a standard deviation of .003 inch.
a. What is the cost to inspect each unit?
b. What is the benefit (or loss) from the inspection process?
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a 889 b The process is capable of producing much ...View the full answer
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Related Book For 
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
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