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lys-0071 [83]
3 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]3 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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Suppose gold​ (G) and silver​ (S) are substitutes for each other because both serve as hedges against inflation. Suppose also th
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P_g = 930-60 +0.50 P_s\\P_s = 600 - 270 + 0.50P_g\\\\-P_s=1740 -2P_g\\P_s = 330+ 0.50P_g\\P_g = 1,380\\P_s = 1,020

Equilibrium price of gold is $1,380 and the price of silver is $1,020.

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3 years ago
Allocating Joint Costs Using the Net Realizable Value Method
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Answer:

Allocating Joint Costs Using the Net Realizable Value Method

1. Joint Cost

Grades Allocation

L-Ten   $1,850

Triol      6,569

Pioze     3,881

Total $12,300

2. Joint Cost

Grades Allocation

L-Ten   $2,112

Triol      5,756

Pioze    4,432

Total $12,300

Explanation:

a) Data and Calculations:

Cost of each production run = $12,300

Product    Gallons  Further Processing     Eventual Market   Net Realizable

                                Cost per Gallon          Price per Gallon         Value

L-Ten          3,200              $0.70                       $2.10                $4,480

Triol            3,700                  1.10                         5.40                 15,910

Pioze         2,000                  1.50                        6.20                  9,400

Total          8,900                                                                      $29,790

Allocation of join cost:

L-Ten = $4,480/$29,790 * $12,300 = $1,850

Triol = $15,910/$29,790 * $12,300 = $6,569

Pioze = $9,400/$29,790 * $12,300 = $3,881

Product    Gallons  Further Processing     Eventual Market   Net Realizable

                                Cost per Gallon          Price per Gallon         Value

L-Ten          3,200              $0.70                       $2.10                $4,480

Triol            3,700                 2.10                         5.40                 12,210

Pioze         2,000                  1.50                        6.20                  9,400

Total          8,900                                                                      $26,090

Allocation of join cost:

L-Ten = $4,480/$26,090 * $12,300 = $2,112

Triol = $12,210/$26,090 * $12,300 = $5,756

Pioze = $9,400/$26,090 * $12,300 = $4,432

7 0
3 years ago
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