Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Central Tendency of Sample Means
As was shown earlier (Advantages of SPC: feedback, the use of individual output measurements as the basis for process adjustment is inappropriate. How, then, should the need for adjustment (and the amount of adjustment) be determined?
We can take advantage of the behaviour of the mean values of samples, as described in the central limit theorem:
If random samples of size n are taken from any population having a mean µ and a standard deviation σ, the probability distribution of the sample means approaches a normal distribution of mean µ and standard error s = σ/√n as n becomes very large. To appreciate the significance of this, consider the pharmaceutical process example. If a large number of samples, each of nine tablets (i.e. n = 9), are weighed and the means of the samples calculated, their distribution will approximate a normal distribution of mean 505.48 mg (µ) and standard error 1.82 mg (s= σ//√n = 5.45/3) This is illustrated in this figure.
Because the sample means cluster more closely around the population mean than the individual measurements, they provide a sensitive measure of any tendency for the process mean to drift out of control.
Scenario You work for a large financial institution that in the past ten years has developed new products and services that appeal to a very diverse customer base located throug
scope of operation research & Scope of Financial management
1. Using an appropriate operations framework outline the challenges / risks faced by Cisco in introducing a new product. 2. What are the general operational / supply chain issues i
process flow and layout flows are at the core of lean manufacturing, do you agree or disagree?
The relational database model gained popularity and many proponents during the 1980's and 1990's, a period of time in which IT organizations were seeking to consolidate data from m
Kaplan and Norton Balanced Scorecard Framework Kaplan and Norton (1992, 1993, and 1996) describe the concept of a 'balanced scorecard' that includes four categories of measure
Process Planning Procedure The process planning procedure has the followings steps as shows in figure as
What is the relationship between mass customisation and rapid product development
Post Industrial Society - Operations Function In the post -industrial society, industrial production has become so efficient that the average worker can now afford products th
Describe some of the cues that might cause a company to suspect there is unmet demand for its products or services. How would you design a test to determine whether your suspicions
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd