a car purchased in 2014 was worth $21,000. It has depreciated at an annual rate of 8.5%. What will its value be in 2021? round a
2 answers:
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Answer:
a. 95.4
b. UCL = 96.07
LCL = 94.73
c. Process is in control
Step-by-step explanation:
a. The computation of estimate mean is shown below:-
= 95.4
b. The computation of Upper Control Limit (UCL) and the Lower Control Limit (LCL) for the manufacturing process is shown below:-
= 95.4 + 0.67082
= 96.07
= 95.4 - 0.67082
= 94.73
c. The explanation is shown below:-
From the above calculation we can see that the sample lies between LCL AND UCL that is (94.73 ,96.07) ,
The Process is in control