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lys-0071 [83]
2 years ago
6

Tom is the quality control manager for the company XYZ. XYZ recently received some complaints about its product D's quality and

the general manager Steve requested Tom to investigate it. To gain a better understanding of the production process, Tom decided to use p-chart to monitor and identify the assignable cause variations. For the next 10 working days, Tom collected 10 samples (each of the size 300 units) and found the following number of defects, 4, 6, 0, 1, 3, 5, 10, 3, 2, 3.
a. What is the defect rate for sample 2? Ignore the percentage sign, and round your answer to the nearest integer. For example, if your answer is 12.34%, input 12.
Your answer is Blank 1.
b. What is p-bar? Ignore the percentage sign, and round your answer to two decimals. For example, if your answer is 12.34%, input 12.34. (Note that this is different from question a.)
Your answer is Blank 2.
c. What is sigma? Ignore the percentage sign, and round your answer to two decimals. For example, if your answer is 12.34%, input 12.34.
Your answer is Blank 3.
d. What is upper control limit UCL for this p-chart? Ignore the percentage sign, and round your answer to two decimals. For example, if your answer is 12.34%, input 12.34.
Your answer is Blank 4.
e. What is lower control limit LCL? (If LCL is negative, input 0) Ignore the percentage sign, and round your answer to two decimals.
f. How many outlier(s) is(are) identified? Round your answer to the nearest whole number. For example, if the answer is 3.12, input 3.
Business
1 answer:
Artyom0805 [142]2 years ago
8 0

Answer:

Total number of items = 300 units per sample x 10 samples = 3000 units

Total number of defects = 4 + 6 + 0+1+3+5 + 10 + 3 + 2+ 3 = 37

a) Defect rate for sample 2 = 6/300 x 100= 2%

b) Pbar = Total number of defects / Total number of items = 37/3000 x 100 = 0.0123 x 100 = 1.23%

c) Sigma = Square root ( Pbar in fraction term x ( 1 – Pbar in fraction term)/ n)

= Square root ( 0.0123 x ( 1 – 0.0123)/300)

= Square root ( 0.0123 x 0.9877/300)

= 0.00636

= 0.636 % ( or 0.64% rounded to 2 decimal places)

d) Upper control limit ( in % terms)

= pbar + 3 x sigma

= 1.23 + 3 x 0.64

= 1.23 + 1.92

= 3.15%

e) Lower control limit ( in terms of percentage)

=higher of ( 0, Pbar – 3 x Sigma)

= higher of ( 0, 1.23 – 1.92 )

= Higher of ( 0, - 0.69)

= 0

f) Outliers will be those sample defectives which will be outside control limit range of 0 to 3.15%

Percentage defectives in 10 samples as follows :

Number of defects

Percentage defects in sample of 300

4

1.33

6

2

0

0

1

0.33

3

1

5

1.66

10

3.33

3

1

2

0.66

3

1

The outlier is the sample with 10 defects and there is only 1 outlier

Explanation:

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8 0
2 years ago
Hyperion, inc. currently sells its latest high-speed color printer, the hyper 500, for $350. its cost of goods sold for the hype
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Answer:

40%

Explanation:

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3 years ago
Justine has just started a company that makes notebooks and other stationery items out of recycled materials. She has decided to
Zigmanuir [339]

Answer:

10% is a high-profit margin

Explanation:

Since Justine is just starting her new business this might actually be a bad idea because 10% is a high-profit margin. In new business, you need to start off with very small profit margins in order to attract customers with low prices and grow a loyal customer base. Once the business begins to grow and sales start kicking up then you may begin increasing your profit margins.

4 0
3 years ago
Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external
eimsori [14]

Answer: 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

Explanation:

Q=1200 - 4P and Q=-240 + 2P

In a free market quantity demand =quantity supplied

1200 -4P = -240 +2P

P =240

Sub P

Q* = 240

Socially optimal quantity is

Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC

MPC= marginal private cost =inverse of supply function

MPC = (1/2)*Q + 120

MEC=12

MSC =(MPC +MEC) = (1/2)Q +120 +12

MSC= MPB where MPB is marginal private benefit = inverse of demand functn

MPB = 300 -(1/4)Q

(1/2)Q + 132 =300 - (1/4)Q

Q° = 224

Difference btw Q* & Q° = 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

4 0
3 years ago
Sultan Services has million shares outstanding. It expects earnings at the end of the year of million. Sultan pays out​ 60% of i
sukhopar [10]

Answer: $73.33

Explanation:

Dividend discount model can be used to calculate the value of the shares:

= Earnings paid out / (Cost of equity - growth rate)

Earnings to be paid out:

= 60% * 5,500,000

= $3,300,000

Value of shares:

= 3,300,000 / ( 9% - 6%)

= $110,000,000

Share price:

= Value of shares / Number of shares outstanding

= 110,000,000 / 1,500,000

= $73.33

7 0
3 years ago
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