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.
Officer | Loan Amount ($000) | Officer |
Weinraub | 60 | 1 |
Weinraub | 74 | 1 |
Weinraub | 55 | 1 |
Weinraub | 48 | 1 |
Weinraub | 63 | 1 |
Visser | 43 | 2 |
Visser | 51 | 2 |
Visser | 70 | 2 |
Visser | 47 | 2 |
Visser | 68 | 2 |
Moore | 51 | 3 |
Moore | 42 | 3 |
Moore | 52 | 3 |
Moore | 87 | 3 |
Moore | 85 | 3 |
Brunner | 34 | 4 |
Brunner | 70 | 4 |
Brunner | 60 | 4 |
Brunner | 44 | 4 |
Brunner | 82 | 4 |
Wolf | 30 | 5 |
Wolf | 59 | 5 |
Wolf | 39 | 5 |
Wolf | 78 | 5 |
Wolf | 60 | 5 |
Bowyer | 68 | 6 |
Bowyer | 80 | 6 |
Bowyer | 55 | 6 |
Bowyer | 68 | 6 |
Bowyer | 50 | 6 |
Kuhlman | 70 | 7 |
Kuhlman | 43 | 7 |
Kuhlman | 49 | 7 |
Kuhlman | 83 | 7 |
Kuhlman | 50 | 7 |
Ludwig | 77 | 8 |
Ludwig | 71 | 8 |
Ludwig | 65 | 8 |
Ludwig | 68 | 8 |
Ludwig | 35 | 8 |
Longnecker | 43 | 9 |
Longnecker | 83 | 9 |
Longnecker | 70 | 9 |
Longnecker | 59 | 9 |
Longnecker | 53 | 9 |
Simonetti | 41 | 10 |
Simonetti | 56 | 10 |
Simonetti | 13 | 10 |
Simonetti | 37 | 10 |
Simonetti | 46 | 10 |
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 |
Step by Step Solution
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