Yunan Corporation produces bolts that are supplied to other companies. These bolts are supposed to be 4

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Yunan Corporation produces bolts that are supplied to other companies. These bolts are supposed to be 4 inches long. The machine that makes these bolts does not produce each bolt exactly 4 inches long. It is known that when the machine is working properly, the mean length of the bolts made on this machine is 4 inches. The standard deviation of the lengths of all bolts produced on this machine is always equal to .04 inch. The quality control department takes a sample of 20 such bolts every week, calculates the mean length of these bolts, and makes a 98% confidence interval for the population mean. If either the upper limit of this confidence interval is greater than 4.02 inches or the lower limit of this confidence interval is less than 3.98 inches, the machine is stopped and adjusted. A recent such sample of 20 bolts produced a mean length of 3.99 inches. Based on this sample, will you conclude that the machine needs an adjustment? Assume that the population distribution is normal.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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