What distributions-the best fit for the data normal


Assignment:

Q: The data named "Time to fail" are the times, in weeks, until a mechanical component failed.

a. Which of the following distributions provide the best fit for the data Normal, Lognormal, and Weibull? Provide your rationale and provide the appropriate parameters to describe the distribution.

b. The warranty is that the life will exceed 125 weeks, what percent of the parts will not meet this life?

c. There have been customer requests to increase the warranty time to 150 weeks which is the same as your main competitor offers. If each of these components cost $1,500 to manufacture what is the additional annual cost to your business to increase the warranty to 150 weeks if your sales are predicted to be 5,000 units per year.

Data are below:

Time to Failure



214.299
Min Life guarantee 125
213.272



181.05



179.233



173.306



166.103



205.3



200.153



204.028



216.03



184.948



182.197



208.327



170.332



179.29



197.981



207.208



172.466



198.791



202.163



185.331



194.866



195.39



198.008



200.176

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What distributions-the best fit for the data normal
Reference No:- TGS02051722

Expected delivery within 24 Hours

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.