1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sertanlavr [38]
3 years ago
12

Describe a process with which you are familiar. List some factors that contribute to common cause variation. Cite some examples

of special causes of variation in this process.
Business
1 answer:
kolezko [41]3 years ago
3 0

Answer / Explanation:

If given a couple of data and asked to analyse it, there is bound to be some level of variation. Irrespective of how much e try to avoid it, we will find it difficult to achieve identical results for two different scenarios.

Variation can therefore be defined as the quantitative or numerical approach used to indicate how widely individuals in a group vary.

Factors that contributes to common cause variation includes:

First, we need to understand that Common Cause Variation are caused by unknown factors that result in a steady but random distribution of output around the average of the data. We need to understand that Common cause variation is the remaining variation after removing the special causes (non-normal causes) due to one or more of the 5Ms and an “E” causes (Manpower, Material, Method, Measurement, Machine, and Environment), also known as 6Ms (Manpower, Mother nature, Materials, Method, Measurements or Machine).

And some special cause of variation in this instance includes:

Phenomena that are active within the system

Variation within a historical experience base which is not regular

Lack of significance in individual high and low values

Human error

You might be interested in
FedEx Corp stock ended the previous year at $103.39 per share. It paid a $0.35 per share dividend last year. It ended last year
mr Goodwill [35]

Answer:

$730 and 3.53%

Explanation:

Given that

Initial Price = $103.39

Ending Price = $106.69

Dividend Paid = $0.35

Number of Shares owned = 200

The computation of the dollar return and the percent return is shown below:

Dollar return is

= [0.35 + ($106.69 - $103.39)] × 200

= $730

And, the percentage return is

= $730 ÷ (200 × $103.39)

= 3.53%

6 0
3 years ago
The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
AleksAgata [21]

Answer:

Explanation:

Provide music lessons to students for 10,500 cash.

Dr Cash                   10,500

   Cr  Sales             10,500

Being cash sales made

Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.

Dr Prepaid Insurance account    4,000

   Cr Cash                                      4,000

Being payment for the prepaid insurance

Purchase musical equipment for $17,000 cash.

Dr  Equipment (asset) account             17,000

   CR  Cash                                               17,000

Being purchase of equipment

Obtain a loan from a bank by signing a note for $39,000.

Dr Cash                                39,000

  Cr     Loan note (liability)  39,000

8 0
4 years ago
A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. I
yaroslaw [1]

Answer:

3 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment ÷ Net cash flow

where,  

Initial investment is $15,000

And, the net cash flow would be

= Year 1 + year 2 + year 3 + year 4

= $5,000 + $5,000 + $5,000 + $5,000

= $20,000

As we see that the net cash flow is recovered in three years that means net cash flows and the initial investment are equal

So,

Payback period would be

= $15,000 ÷ $15,000

= 3 years

7 0
3 years ago
What is compounding interest?
Svetlanka [38]

Answer:

d

Explanation:

the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

4 0
3 years ago
CC’s is analyzing a proposed project with anticipated sales of 3,620 units, give or take 5 percent at a sales price of $24, plus
eimsori [14]

Answer:

The total variable cost will be $ 16 * 3620= $ 57920

Explanation:

CC

Analyzing Proposed Project

<u>                                           Given                1                     2                3</u>

Variable Increase            ----                   10%                 9.125%      9.125%

<u>Fixed Decreased                                                                                6.97%   </u>            

Sales price per unit        $24           $24                    $24             $24

Variable price per unit    $ 14.6       $16.06               $ 16             $ 16

Fixed Costs                    $ 12900      12900               $ 12900      $ 12000

Sales Volume               3620            3620                   3620          3620

We have taken the sale prices constant and changed the variable costs and fixed costs.

CC

Sensitivity Analysis Report

                              Given              1                       2                   3

Sales                   86880             86880         86880        86880    

Variable Costs    52852            58137.2      57920          57920

Contribution Margin 34028      28742.8      28960          28960

<u>Fixed Costs              12900        12900         12900            12000   </u>

<u>Operating Profit       21128          15482.8      16060          16960</u>

Dollar Change in

<u>Variable Expenses                        5645.2       5068         5068     </u>

<u />

<u>The total variable cost will be $ 16 * 3620= $ 57920</u>

5 0
3 years ago
Other questions:
  • g If the velocity of money triples, while real GDP and money supply remain unchanged, in the long run, the price level:
    11·1 answer
  • The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price cha
    8·1 answer
  • After a customer buys a computer or receives service from Top Computers and Service, a service representative contacts each cust
    7·1 answer
  • The second step in the marketing research project involves developing the research plan. This includes specifying the ________ f
    11·1 answer
  • Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar
    9·1 answer
  • The inflation rate is measured by calculating the percentage change in the consumer price index. True or False
    15·1 answer
  • Tubby Toys estimates that its new line of rubber ducks will generate sales of $7.20 million, operating costs of $4.20 million, a
    15·1 answer
  • Otool Incorporated is considering using stocks of an old raw material in a special project. The special project would require al
    14·1 answer
  • The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use
    7·1 answer
  • More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at cambridge botanic garden.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!