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Mademuasel [1]
3 years ago
6

You want to determine the upper control line for a p-chart for quality control purposes. You take several samples of a size of 1

00 items in your production process. From the samples, you determine the fraction defective is 0.05 and the standard deviation is 0.01. If the desired confidence level is 99.7 percent, what is the resulting UCL value for the line?
Business
1 answer:
timofeeve [1]3 years ago
7 0

Answer:

0.08

Explanation:

"p" bar is the fraction defective.

"sp" is the standard deviation.

"n" is the sample size.

"z" is the number of standard deviations for a specific confidence.

And z = 3 (99.7 percent confidence) or

z = 2.58 (99 percent confidence) is used.

In this problem, p bar is 0.05 and sp= 0.01

thus, 0.05 + (3 x 0.01) = 0.08

The resulting UCL value for the line is 0.08.

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The primary goal of the federal reserve system is to/12562961/289d096f?utm_source=registration
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3 years ago
Green Woods sells specialty equipment for mountain climbers. Its sales for last year included $238,000 of tents and $411,000 of
Ivahew [28]

Answer:

By $41,000 the next year's sales are derived from the side effects of adding the new product to its sales offerings.

Explanation:

For calculating the sale for next year, the tent expense and climbing gear is to be considered. With the help of these, the next year sale from the side effects can be derived. The sleeping bag cost is not to be considered so it would not be taken for calculation. The computation is shown below:

=  (Tent Expense Next year  + Climbing gear Next year ) - (Tent Expense Previous year  + Climbing gear Previous year )

= ( $264,000 + $426,000) - ( $238,000 + $411,000)

= ($690,000 - $649,000)

= $41,000

Thus, by $41,000 the next year's sales are derived from the side effects of adding the new product to its sales offerings.

3 0
3 years ago
1. Calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the MPC is 0.75.
Mars2501 [29]

Answer: 860

Explanation:

The gross domestic product is the value of the goods and services which are produced in a particular country from the year.

In this question, we are informed that we should calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the marginal prospensity to consume is 0.75.

The GDP loss will be calculated as:

= [(0.75 × 9.8)/100 × 10,000] + 125

= [(7.35/100) × 10000] + 125

= [(0.0735) × 10000] + 125

= 735 + 125

= 860

6 0
4 years ago
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