Answer:
4
Explanation:
The computation of the process capability index is shown below:
Data provided in the question according to the question is as follows
USL = 27
LSL = 21
X = (21 +27) ÷ 2 = 24 (take the average)
Standard Deviation: 0.25
After placing the above values, the process capability index is 4
hence, the process capability index, if they were to center the mean is 4
Answer:
The standard hours allowed for October would be 5,400 hours
Explanation:
For computing the standard hours allowed for the October month, first, we have to compute the standard per hour unit which is shown below:
= Standard direct labor ÷ Number of units to be produced
= 6,000 ÷ 1,500
= $4
Now, in October month, the direct labor worked for the 1,350 hours and the standard price per unit is $4, So standard hours allowed is
= October direct labor hours × standard price per unit
= 1,350 hours × $4
= $5,400 hours
Explanation:
The cross-price elasticity formula is:
CPE= Δ%q of good A/ Δ%p of good B
The CPE of penguin patties and raskels is:
CPE= -22%/-20%
CPE= 1.1
A positive CPE means that both good are substitutes; often, penguin patties take the place of raskels. An increase in price of penguin patties will affect positively the quantity demanded for raskels.
The CPE of penguin patties and kipples:
CPE= 7%/-20%
CPE=-0.35
A negative CPE means that both goods are complementary, which means that consumers will likely consume them together. An increase in price of penguin patties will affect negatively de quantity demanded for kipples.
Complementary goods should be advertise together because both could be positively benefited by advertising. If the demand for penguin patties increases, it is probable that the demand for patties increases too. If you advertise substitute goods, people will always prefer one, then the advertising will only be effective or for penguin patties or for raskels.
