Spend time and money or corporate citizenship

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Reference no: EM132217146

1. How can a company afford to spend time and money or "corporate citizenship" when the primary goal of all businesses is to make money? Explain why this is true or not true.

2. A computer chip designed by the MicroKeeb Co. has a specification for the distance between two adjacent pins of 2.000 ± 0.002 mm. The loss due to a defective chip is $4. A sample of 25 chips was drawn from the production process and the results, in millimeters, can be found in the worksheet tab Prob. 7-13 in the Excel file C07Data file.

a. Compute the value of k in the Taguchi loss function.

b. What is the expected loss from this process based on the sample data?

Reference no: EM132217146

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