How to conduct analyses of clients insurability

Assignment Help Operation Management

Reference no: EM131156997

As part of an insurance company’s training program, participants learn how to conduct analyses of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes. Test results for three participants were: Amanda, a mean of 38 minutes and a standard deviation of 3 minutes; Jerry, a mean of 37 minutes and a standards deviation of 2.5 minutes; Melissa, a mean of 37.5 minutes and a standard deviation of 1.8 minutes. Which participants would you judge to be capable? Why? (Hint: use the concept of process capability).

Reference no: EM131156997

Questions Cloud

Chocolate-vacillator supplement income each chocolate cake : Farmer Jones bakes two types of cakes (chocolate and vacillator supplement his income Each chocolate cake can be sold for $1 and each vanilla cake can be sol for 50 cents. Each chocolate cake requires 20 minutes of baking time and uses 4 eggs. Formul..

Table and chair must be made entirely out of oak : Furnace manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pin A total of 150 board ft of oak and 210 board ft of pine are available table requires either 17 board ft of oak or 30 board ft of pine..

Considering bringing the garage fabrication process : Angels Inc. is considering bringing the garage fabrication process (which is currently outsourced) in-house. If garage fabrication were brought in-house, the factory would be structured as follows. Roofs are punched in a roof punching press (10 minut..

Produces energy-efficient light bulbs : The Watson Electric Company produces energy-efficient light bulbs. The following data on the lumens (i.e. how bright a light bulb is) for the 40-watt light bulbs were measured when the process was in control. Choose proper control chart(s) to establi..

How to conduct analyses of clients insurability : As part of an insurance company’s training program, participants learn how to conduct analyses of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes.

Manufacturing specifications call for motor housings : Manufacturing specifications call for motor housings that weigh between 24 and 26 pounds. The housings are cast using a process that produces castings with a mean of 25 pounds and a standard deviation of 0.4 pounds. The distribution of output is norm..

What is required in good marketing strategy statement : What activities are performed in the marketing strategy development step of the new product development process? What is required in a good marketing strategy statement?

Relationships in negotiation : Negotiations between parties with an existing personal or business relationship involve consideration of three elements defining that relationship: reputation, trust, and justice. Briefly define the three terms reputation, trust. Justice how they rel..

What are the reasons this company-organization is ethical : Identify a company in the media or with which you are familiar that operates ethically. What are the reasons this company/organization is ethical? (You may refer to the leadership, management, products, or services of the organization.)

User Account

All Pages