Question: This is a subjective question, hence you have to write your answer in the Text-Field given below. The outside diameter of a machined part used

 This is a subjective question, hence you have to write your

This is a subjective question, hence you have to write your answer in the Text-Field given below. The outside diameter of a machined part used in a machine assembly is known to be normally distributed with a mean of 50 mm and standard deviation of 2.5mm. The specifications on the diameter are (46,55), which means that part diameters between 46 and 55 mm are considered acceptable. The unit cost of rework is $0.20, while the unit cost of scrap is $0.50. If the daily production rate is 4000 , what is the expected total daily cost of rework and scrap? 5M This is a subjective question, hence you have to write your answer in the Text-Field given below. The outside diameter of a machined part used in a machine assembly is known to be normally distributed with a mean of 50 mm and standard deviation of 2.5mm. The specifications on the diameter are (46,55), which means that part diameters between 46 and 55 mm are considered acceptable. The unit cost of rework is $0.20, while the unit cost of scrap is $0.50. If the daily production rate is 4000 , what is the expected total daily cost of rework and scrap? 5M

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