State whether the following statements are True or False. Give reason in support of your answer:
(a) The process capability of a manufacturing process of a certain type of bolt, with mean diameter 2 inches and standard deviation 0.05 inches, will be 0.30
(b) If the probability of accepting a lot of satisfactory quality is 0.9401, then the producer’s risk will be 0.9401.
(c) Hurwicz criterion is a method to solve the problems that involve decision-making under certainty.
(d) Two independent components of a system are connected in series. If the reliability of these components are 0.8 and 0.6 respectively, then the reliability of the system will be 0.92.
(e) For a two person zero sum game, the payoff matrix is given below:
|
| Player B | |||||
| B1 | B2 | B3 | B4 | B5 | ||
|
Player A | A1 | 3 | 4 | 5 | –2 | 3 |
| A2 | 1 | 6 | –3 | 3 | 7 | |
Then second column will be dominated by the first column.
b) False
The probability of accepting the lot of quality p is given by
For n =
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