Scenario Analysis: Computer Chipssouthern New Hampshire Univ

Scenario Analysis: Computer ChipsSouthern New Hampshire UniversityQSO-510-X3339 Quantitative Analysis 24TW3 02:05:48 GMT -05:00Scenario Analysis: Computer ChipsThe manufacturing company’s largest customer is specific about what size computer chip they require for their work, 1.2 cm. After the production manager computed a confidence interval on the last month’s production, it was found that within 95% confidence they can make a chip between the range of 0.9 cm and 1.1 cm. This result poses a problem for the manufacturing company because it does not meet the requirements the customer has stated they need. With an interval that only reaches a 1.1 mean, they are not as likely to produce enough computer chips at 1.2 cm to fulfill the customer’s order.The production manager needs to consider that one sample of computer chips produced is not going to be exact in predicting the exact range of sizes produced all the time. The manager’s statement about the 95% confidence interval indicates that most computer chips produced will fall between a possible range of 0.9 cm and 1.1 cm. The manager would have to inform the vice president that in order to ensure they can make enough within the specifications of the customer they