Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

c. What is your estimate of the mean and standard deviation of the sampling distribution of fractions defective for samples of this size? (Round your

image text in transcribedimage text in transcribedimage text in transcribed c. What is your estimate of the mean and standard deviation of the sampling distribution of fractions defective for samples of this size? (Round your intermediate calculations and final answers to 4 decimal places.) Answer is complete and correct. d. What control limits would give an alpha risk of .03 for this process? (Round your intermediate calculations to 4 decimal places. Round your "z" value to 2 decimal places and other answers to 4 decimal places.) Answer is complete but not entirely correct. \begin{tabular}{l|l|l|l|} z= & 2.17V & 0.0481 to \end{tabular} e. What alpha risk would control limits of .0470 and .0014 provide? (Round your intermediate calculations to 4 decimal places. Round your "z" value to 2 decimal places and "alpha risk" value to 4 decimal places.) f. Using control limits of .0470 and .0014 , is the process in control? yes no g. Suppose that the long-term fraction defective of the process is known to be 2 percent. What are the values of the mean and standard deviation of the sampling distribution? (Round your intermediate calculations and final answers to 2 decimal places.) Answer is complete and correct. h. Construct a control chart for the process, assuming a fraction defective of 2 percent, using two-sigma control limits. Is the process in control? Yes No Using samples of 196 credit card statements, an auditor found the following: Use Table-A. Click here for the Excel Data File a. Determine the fraction defective in each sample. (Round your answers to 4 decimal places.) Answer is complete and correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel Jr.

8th edition

470533021, 978-0470533024

More Books

Students also viewed these General Management questions