Question: suppose we have a process that makes extension cords. The target value for the length of the extension cord is 5 meters. The standard deviation
suppose we have a process that makes extension cords. The target value for the length of the extension cord is 5 meters. The standard deviation of the process is 0.04 meters. The manufacturer wants the USL to be 5.035 meters, and the LSL to be 4.960 meters. If it costs $0.33 to fix any extension cord that is longer than the USL and $0.67 to fix anyone shorter than the LSL. It material cost for each meter of the extension cord is $0.19, and the manufacturer produces 120,000 extension cords per year.
a) Zdown =
(round your response to two decimal places).
b) P (< LSL) =
(round your response to four decimal places).
c) Zup =
(round your response to two decimal places).
d) P (> USL) =
(round your response to four decimal places).
e) The annual expected fixing cost of these extension cords is
$
(round your answer to the nearest dollar).
f) The annual expected material cost of these extension cords is $
(round your answer to the nearest dollar).
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