The specifications for the thickness of a part are 1 inch plus 0.002 inch for upper specification and minus 0.001 inch f

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The Specifications For The Thickness Of A Part Are 1 Inch Plus 0 002 Inch For Upper Specification And Minus 0 001 Inch F 1 (41.78 KiB) Viewed 39 times

The specifications for the thickness of a part are 1 inch plus 0.002 inch for upper specification and minus 0.001 inch for lower specification, respectively. Defective parts that are thinned have to be scrapped at a cost of $12.00, and the parts that are thickened can be reworked at a cost of $5.00 a part. Estimate the expected loss per part by using the following thickness values of 15 parts: 1.001 0.999 0.999 1.002 1.000 1.001 1.002 0.999 1.001 0.999 1.001 1.000 0.999 1.002 0.999