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kifflom [539]
3 years ago
7

There are two machines for sale that you are considering purchasing for your sawmill to produce hardwood flooring. You want to f

ind the one that has a higher process capability index, or Cpk. The goal is to produce flooring that is between 46 and 50 millimeters thick. The first machine is more accurate on average, producing to a mean of 48 millimeters...but unfortunately it has more variation with a standard deviation of 7 millimeters. The second machine is not as accurate, with a mean of 47mm, but does deliver a more consistent output, with standard deviation of 3mm.
[ Select] What is the Cpk of machine 1?
[Select] What is the Cpk of machine 2?
[ Select] If your goal is to be capable', what would you do?
[ Select] If (somehow) you could combine the best of both machines (the centering or average of machine 1 coupled with the constancy or standard deviation of machine 2, what would the Cpk be?
Business
1 answer:
ivolga24 [154]3 years ago
6 0

Answer:

Machine 1 = 0.092

Machine 2 = 0.111

Combined = 0.222

Explanation:

Given the following :

Lower specification limit (LSL) = 46 mm

Upper specification limit (USL) = 50 mm

MACHINE 1:

Mean 1 (m1) = 48

Standard deviation 1 (σ1) = 0.7

MACHINE 2:

Mean 2 (m2) = 47

Standard deviation 2 (σ2) = 0.3

Cpk formula:

Min(USLcpk, LSLcpk)

USLcpk = (USL - m) / 3σ

LSLcpk = (m - LSL) / 3σ

FOR MACHINE 1:

USLcpk = (50 - 48) / 3(7) = 0.0952

LSLcpk = (48 - 46) / 3(7) = 0.0952

Cpk = Min(0.952, 0.952) = 0.952

FOR MACHINE 2:

USLcpk = (50 - 47) / 3(3) = 0.333

LSLcpk = (47 - 46) / 3(3) = 0.111

Min(USLcpk, LSLcpk)

Cpk = Min(0.333, 0.111) = 0.111

When combined :

Mean = 48

σ = 3

USLcpk = (50 - 48) / 3(3) = 0.222

LSLcpk = (48 - 46) / 3(3) = 0.222

Min(USLcpk, LSLcpk)

Cpk = Min(0.222, 0.222) = 0.222

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lesya692 [45]

An <u>incentive </u>is a discount that rewards the buyer for an immediate purchase rather than a future transaction.

<h3>What are other types of incentives?</h3>

Other examples of sales Incentives are:

  • Bonuses
  • Commission
  • Coupons
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  • Buy One Get One Free

Incentives are used to encourage customers to buy more, stay loyal, and help the business win more customers through word of mouth marketing.

See the link below for more about Incentives:

brainly.com/question/964887

8 0
3 years ago
Your uncle the banker offers to lend you $25,000 to start a new business. You will have to make a payment of $7,000 at the end o
Sergio [31]

Answer:

Annual interest rate = 6%

Explanation:

Amount of loan = $25,000

The total amount repaid:

($7,000 × 3 years) + ($10,000 balloon payment)

= (7,000 × 3) + (10,000)

21,000 + 10,000 = $31,000

Interest on payment = repayed amount - loaned amoun

Interest on payment = 31,000 - 25,000 = $6,000

Let the total percentage on the loaned amount be x

Therefore we are looking for what percentage rate of the loaned amount ($25,000) will give the interest of $6,000

x % of 25,000 = 6,000

\frac{x}{100} \times\ 25,000 = 6,000\\\frac{25,000x}{100} = 6,000\\25,000x = 600,000\\x = \frac{600,000}{25,000}\\x = 24

Therefore the total percentage interest rate = 24%

Annual interest rate = Total interest rate ÷ number of years

Annual interest rate = 24 ÷ 4 = 6%

∴ Annual interest rate = 6%

7 0
3 years ago
Consistent with____recognition principle, companies record revenue at the time goods are provided to customers.
Sonbull [250]

Answer:

Revenue

Explanation:

In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.

It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.

4 0
3 years ago
Brian is a 25% partner in the BC Partnership. On January 1, BC distributes $20,000 cash and land with a $16,000 fair value (insi
pentagon [3]

Answer:

The amount is $4,000 and Brain character reflects the capital gain.

Explanation:

Partnership: In partnership, there are two or more partners who are ready to share the profit or losses in their profit-loss sharing ratio.

The computation is shown below:

= Brain's basis - the inside basis

= $16,000 - ($20,000 - $8,000)

Since the brain basis show excess amount than inside basis which reflects the capital gain .

The inside basis is not relevant in the computation part. Hence, it is ignored.  

6 0
3 years ago
Ticketsales, Inc., receives $5,520,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket
kykrilka [37]

Answer:

On October 31, Debit Cash for $5,520,000; and Credit Unearned ticket revenue for $5,520,000.

On November 5, Debit Unearned ticket revenue for $1,380,000; and Credit Ticket revenue for $1,380,000.

Explanation:

The journal entries will look as follows:

<u>Date            Description                               Debit ($)         Credit ($)      </u>

Oct 31          Cash                                       5,520,000

                    Unearned ticket revenue                              5,520,000

<u><em>                     (To record ticket revenue received in advance.)                 </em></u>

Nov 5           Unearned ticket revenue     1,380,000

                     Ticket revenue (w.1)                                      1,380,000

<u><em>                     (To record revenue ticket revenue earned.)                      </em></u>

Workings:

w.1. Ticket revenue = Unearned ticket revenue * (1 / 4) = $5,520,000 * (1 / 4) = $1,380,000

8 0
3 years ago
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