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
klasskru [66]
3 years ago
14

The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc

ise contains only parts​ a, b,​ c, d, and e. ​a) If you wish to use a sample size of 200​, the 3​-sigma control limits are​:
Business
1 answer:
AURORKA [14]3 years ago
7 0

Answer and Explanation:

Data provided in the question

defect rate i.e. \bar p = 1.50%

the sample size = n = 200

Now

S_p = \sqrt{\frac{\bar p (1 - \bar p)}{n} } \\\\= \sqrt{\frac{1.50\% (1 - 1.50\%)}{200} }

= 0.008595057

Now the 3 sigma control limits is

UCL_p = \bar p + 35p

= 0.015 + 3 (0.008595057 )

= 0.04078517

LCL_p = \bar p - 35p

= 0.015 - 3 (0.008595057 )

= 0

hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively

You might be interested in
7. Gold Company has budgeted the following costs for the production of its only product: Direct Materials $75,000 Direct Labor 5
STatiana [176]

Answer:

$68 = unitary variable cost

Explanation:

Giving the following formula:

Gold Company wants a profit of $100,000

Production= 2,500 units

Selling price= $125

Fixed indirect production costs 27,500

Fixed selling and administrative costs 15,000

<u>To calculate the target total unitary variable cost, we need to use the following formula:</u>

number of units sold= (desired profit + fixed costs) / (selling price - unitary variable cost)

2,500= (100,000 + 27,500 + 15,000) / (125 - unitary variable cost)

312,500 - 2,500unitary variable cost = 142,500

170,000 = 2,500unitary variable cost

$68=unitary variable cost

3 0
3 years ago
Which of the following are microeconomic problems? (You may select more than one answer.)(a) Work/leisure choice.(b) Marketing s
Ksivusya [100]

Answer:

(a) Work/leisure choice

(b) Marketing strategy

Explanation:

Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.

Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.

The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.

8 0
3 years ago
Why don't many developing countries benefit from the spread of free trade?
Annette [7]
My best guess is A because they maintain high tariffs on the agriculture custom many developing countries export.
3 0
3 years ago
Read 2 more answers
How much resistance is ther in a 12-volt circuit with a 2-amp current
Nataly [62]

GIVEN -> Voltage in circuit = 12 V 
 Current in circuit = 2 A  
To find resistance we will use the well known equation or Ohms Law equation,
 which is; V = IR 
 hence R = V/I
  R = (12 V) / 2 A
  R = 6 ohm 
 therefore, ideally the resistance in the circuit would be equal to 6 ohms.
6 0
3 years ago
A $104,000 selling price with $24,000 down at 8.5% for 25 years results in a monthly payment of?
jekas [21]
119 payments of 330.38 
5 0
3 years ago
Other questions:
  • On a separate sheet of paper, copy the multi- flow map below. organize information on how firms determine their total costs by c
    12·1 answer
  • Finish the sentence, gym is to healthy as book is to ?
    14·1 answer
  • 1. Discuss the following statement: "Corporations are not really run by their owners."
    11·1 answer
  • On October 1, 2016, Concord Corp. issued $924,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pa
    15·1 answer
  • A reliable source in your industry has informed you that some of your more aggressive competitors are planning to formulate agre
    10·1 answer
  • It is common in large breweries for the long-run average total cost to decline as output increases. this indicates that many bre
    10·2 answers
  • If management adopts Ryan's suggestion of reducing Frozen Fun Ice Cream's charitable donations until profits grow, the company w
    7·1 answer
  • On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma
    9·1 answer
  • The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this
    13·1 answer
  • MARK YOU THE BRAINLIEST! Explain how production gives form utility to natural resources.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!