A new process is proposed for the manufacture of steel


A new process is proposed for the manufacture of steel shafts, Data are 6.38, 6.40, 6.41, 6.38, 6.39, 6.36 and 6.37. Target is 6.40.

a. What is the expected loss?

b. What is the standard deviation?

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Basic Statistics: A new process is proposed for the manufacture of steel
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