Calculate the control limits

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Reference no: EM132267856

1. First shift gathered the data from many samples each containing 118 observations. They calculated that p¯=0.039195

Calculate the control limits for a 95% confidence interval. (Keep five decimal places in your answer)

2. The most important inventory item has annual holding costs of $502.00. One method of shipping this item is 3 days faster than the other, but it is $1.21 more per unit.

How much more expensive is the slower method compared to the faster method? (Include the pennies in your answer)

Reference no: EM132267856

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