Evaluate the true magnitude of the problem

Assignment Help Financial Management
Reference no: EM131877717

A new manufacturer of light bulbs attempting to penetrate the market wants to assess its process for producing the bulbs. It is concerned about the number of defective bulbs found recently.

In order to evaluate the true magnitude of the problem, a production manager selected ten random samples of 20 units each for inspection.

The number of defective bulbs found in each sample are as follows:

Sample

Sample Size(n)

Number Defective

1

20

1

2

20

3

3

20

2

4

20

1

5

20

4

6

20

1

7

20

2

8

20

0

9

20

3

10

20

1


PLEASE SOLVE A and B

A. Using this data, develop a 3s p-chart (i.e., Z = 3.00). Determine the centerline, UCL and LCL. What conclusion can you make?

B. After creating the p-chart with the original ten sample data measures, suppose the next four samples selected, each with 20 observations, had 6, 3, 3, and 4 defects. What conclusion would these four samples lead you to make?

Reference no: EM131877717

Questions Cloud

Write paper about the book - The Only Game in Town : Write a 3 page paper about the book The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse Book by Mohamed A
What is government responsibility : What is government's responsibility to ensure that workers make a living wage and work in safe conditions?
Greatest representation in the animal kingdom : The animal phyla with the most diversity and greatest representation in the animal kingdom have developed tissues
Tissue with the proper location in the body : Match the connective tissue with the proper location in the body that it is found:
Evaluate the true magnitude of the problem : In order to evaluate the true magnitude of the problem, a production manager selected ten random samples of 20 units each for inspection.
Movement of the ligand binding domain : Activation of the glutamate receptor requires movement of the Ligand Binding Domain (LBD) which opens a gate located on the cytoplasmic surface of the channel
How are the world oceans managed from a global perspective : How are the world's oceans managed from a global perspective and by whom? To simplify that question: who determines legally who can fish
Digestion and cellular metabolism after meals : Integrative Topics II---Digestion and Cellular Metabolism After meals, our body digest the food to break down polymer to monomer.
What is van der waals force : What is Van Der Waals force? Use an example to help you explain. 2. Integrative Topics II---Digestion and Cellular Metabolism

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd