Sharon Baricivic is a manager in the credit department for Hardaway's Lawncare Supplies. Joe Greene is a new employee in her dep
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Answer:
The CPI for the given year is 123.
Explanation:
Consumer price index (CPI)
In the base year, the typical family bought 4 loaves of bread at $2 per loaf and 2 bottles of wine for $ 9 per bottle.
Cost at base year =$[(4×2)+(2×9)]
=$26
In a given year, bread cost $3 per loaf and wine cost $10 per bottle.
Cost at given year =$[(4×3)+(2×10)]
=$32
The CPI for the given year is
≈123
Answer:
4.00
Explanation:
Given:
Upper Specification Limit, USL = 27
Lower Specification Limit, LSL = 21
Mean = 22
Standard deviation, = 0.25
Required:
Find the process capability index
First center the mean by taking the average of the LSL and USL.
Use formula below to find process capability index:
We are sullosed to take the minimum value, but since both values are equal, our process capability index will be 4.00
Therefore, the process capability index = 4.00