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
blondinia [14]
3 years ago
5

The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen samples of five comp

leted mortgage transactions each were taken during a period when the process was believed to be in control. The times to complete the transactions were measured. The means and ranges of the mortgage process transaction​ times, measured in​ days, are as​ follows:
sample 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
mean 13 11 5 14 9 10 12 13 10 11 14 6 8 6 9
range 9 13 6 10 11 17 14 17 12 12 13 8 11 13 15
​Subsequently, samples of size 5 were taken from the process every week for the next 10 weeks. The times were measured and the following results​ obtained:
Sample 16 17 18 19 20 21 22 23 24 25
mean 9 11 6 12 14 15 10 19 17 15
range 9 13 8 6 14 15 13 12 10 8
Factors for calculating​ three-sigma limits for the
x overbarx​-chart and​ R-chart
Size of Sample​ (n)
Factor for UCL and LCL for
x overbarx​-chart
​(Upper A 2A2​)
Factor for LCL for​ R-Chart
​(Upper D 3D3​)
Factor for UCL for​ R-Chart
​(Upper D 4D4​)
2 1.8801.880 00 3.2673.267
3 1.0231.023 00 2.5752.575
4 0.7290.729 00 2.2822.282
5 0.5770.577 00 2.1152.115
6 0.4830.483 00 2.0042.004
7 0.4190.419 0.0760.076 1.9241.924
8 0.3730.373 0.1360.136 1.8641.864
9 0.3370.337 0.1840.184 1.8161.816
10 0.3080.308 0.2230.223 1.7771.777
Construct the control charts for the mean and the​ range, using the original 15 samples.
Set up the​ R-chart by specifying the center line and​three-sigma control limits below. ​(Enter your responses rounded to two decimal​ places.)

Business
1 answer:
djverab [1.8K]3 years ago
5 0

Answer and Explanation:

As per the data given in the question,

Sum of the all mean value = 151

Average of the mean value = 151 ÷ 15 = 10.067

Similarly, Sum of the all given range = 151

Average of given range value = 151÷ 15 = 10.067

Control charts for the mean and the range, using the original 15 samples :

Upper control limit(UCL) - Lower control limit(LCL) for X bar is

= 10.067 + A2 × R bar

= 10.067 + (0.223 × 10.067)

= 12.31

LCL - UCL for X bar  is

= 10.067 - A2 × R bar

= 10.067 -(0.223 × 10.067)

= 7.82

Set up the R-chart by specifying the center line and three-sigma control limits below :

UCLr = D4 × r      

= 1.653 × 10.07  

= 16.65    

r = 10.067

= 10.07

LCLr = D3 × r  

= 0.347 ×10.07

= 3.49

You might be interested in
If a company owns more than 20% of the stock of another company and the stock is being held as a long-term investment, which met
RSB [31]

Answer:

Equity method .

Explanation:

Equity method is used to record the profits an organization made by investing in another company.

Equity method is a technique in accounting used in dealing with investment in associate companies. When the investing organization has between 20-50% of the voting stock in the associate company, an equity accounting method is always adopted, this is due to the high level of level it has in the management of the associate company.

8 0
3 years ago
Read 2 more answers
Pastoria Enterprises has scheduled raw material purchases of $100,000 in January, $130,000 in February, and $150,000 in March. T
IRINA_888 [86]

Answer:

B

Explanation:

The question asks to calculate how much will be disbursed by the company in February.

Firstly , we know that the company disburses 75% in the month of purchase and 25% during the month after purchase.

Now, 75% of $130,000 would be disbursed as February’s own payment:

Mathematically 75/100 * 130,000 = 97,500

Also, we should not forget that the company disburses 25% of previous month during the current. That is 25/100 * 100,000 = 25,000

Total amount disbursed is thus 25,000 + 97,500 = $122,500

6 0
3 years ago
1. Applying Overhead to Jobs, Costing Jobs Gorman Company builds internal conveyor equipment to client specifications. On Octobe
Nezavi [6.7K]

Answer:

Job           877           878 879        880

Beginning 18,640  

Materials 14,460 6,000    3,500     1,800

Labor        14,800 8,500 1,750      2,150

<em><u>Overhead 11,840 6,800 1,400      1,720    </u></em>

Total       59,740     21,300     6,650      5,670

WIP 21300 + 6650 + 5670 = 33,620

Job 877 59,740 x (1 + 50%) = 89610

Explanation:

The overhead will be calcualte as 80% of the labor cost as tstated in the assignment

Then, the total cost will be the sum of the three cost component added during the period andthe beginnign WIP is there is any,

as job 877 is complete it will be removed from WIP leaving only the other three jobs.

the markup is 50% of the cost so we simply multiply cost by 1.5

8 0
3 years ago
Free or minimal cost items offered by companies in order to entice customers to buy their product are called?
erma4kov [3.2K]

Answer:

Price packs

Explanation:

  • a type of sales promotion where customers are given a discount off the product's regular price; the discount is typically marked, or "flagged," prominently on the label or package; also known as a "cents-off" deal.
  • Price packs are sales promotions that provide consumers with a reduced price that is marked directly on the package by the manufacturer.
  • Here two or more products are given together at the price of one or at discounted rates.

To learn more about it, refer

to brainly.com/question/25689052

#SPJ4

6 0
1 year ago
When demand for a product changes because of its price, this product is said to be elastic.
IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

4 0
4 years ago
Read 2 more answers
Other questions:
  • Managers at the Blue Dragon Inc., an international company with operations in China and the United States, are often heard compl
    11·1 answer
  • Greg's band wants to form a partnership. General partners will include the drummer, two guitarists, one keyboardist, and one sin
    15·1 answer
  • How much did jason alexander make per episode?
    14·1 answer
  • b. Brenda Young desires to have $9,000 eight years from now for her daughter’s college fund. If she will earn 7 percent (compoun
    9·1 answer
  • Which of the following is a nominal variable? - Education - Age - Employment status - One needs to know the attributes to determ
    5·1 answer
  • A free enterprise system refers to: a. Economic assets that are privately owned and exchanged in an open market. b. Property own
    9·1 answer
  • A technological innovation in the production of golf balls increases ______, causing the price to ______ and the ______.
    15·1 answer
  • If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay t
    9·2 answers
  • An investor deposits $2,000 per year (beginning today) for 10 years in a 4% interest bearing account. The last cash flow is rece
    6·1 answer
  • The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonp
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!