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Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. Robert Kerns, vice president of consumer lending, would

Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. Robert Kerns, vice president of consumer lending, would like some information on the typical amount of loans and the range in the amount of the loans. A staff analyst of the vice president selected a sample of 10 loan officers and from each officer selected a sample of five loans he or she made last month. The data are reported here.

OfficerLoan Amount ($000)Officer
Weinraub601
Weinraub741
Weinraub551
Weinraub481
Weinraub631
Visser432
Visser512
Visser702
Visser472
Visser682
Moore513
Moore423
Moore523
Moore873
Moore853
Brunner344
Brunner704
Brunner604
Brunner444
Brunner824
Wolf305
Wolf595
Wolf395
Wolf785
Wolf605
Bowyer686
Bowyer806
Bowyer556
Bowyer686
Bowyer506
Kuhlman707
Kuhlman437
Kuhlman497
Kuhlman837
Kuhlman507
Ludwig778
Ludwig718
Ludwig658
Ludwig688
Ludwig358
Longnecker439
Longnecker839
Longnecker709
Longnecker599
Longnecker539
Simonetti4110
Simonetti5610
Simonetti1310
Simonetti3710
Simonetti4610


Determine the control limits for the mean. (Round your answers to 2 decimal places.)

Mean of Sample Means
LCL
UCL

Determine the control limits for the range. (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places.)

Mean of the sample ranges


LCL
UCL
 

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