Question: Create a stochastic model in Excel for a manufacturing operation. The machine is cutting rectangular cube blanks for a forming process. The stock material
Create a stochastic model in Excel for a manufacturing operation. The machine is cutting rectangular cube blanks for a forming process. The stock material is uniformly 0.50 inch thick. Two cutting processes are needed. The blanks are cut to an average width of 4.74 inches, and are normally distributed with a standard deviation of 0.10 inches. The blanks are cut to an average length of 20.0 inches. The length of the blanks cut are normally distributed with a standard deviation of 0.10 inches. Create and plot a histogram with CDF. The specification for the blanks is to have volume between 46 and 49 in. With the current process, what fraction of the blanks are meeting the specification? What changes to the process or equipment would you recommend for 99.0% of the blanks to be within the specification? Consider at least 200 but not more than 1000 parts. Be certain to document the proposed changes
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Sales per Share Sales per Share Total Sales Number of Shares Outstanding Sales per Share 22000000 1300000 Sales per Share 1692 Profit Earnings per Share Profit Margin 15 015 Earnings per Share Sales p... View full answer
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