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The mortgage loan processing unit of a bank monitors the costs of processing loan applications. The quantity tracked is the average weekly processing costs, obtained
The mortgage loan processing unit of a bank monitors the
costs of processing loan applications. The quantity tracked is
the average weekly processing costs, obtained by dividing
total weekly costs by the number of loans processed during
the week. The processing costs for the most recent weeks
are shown in Table Set up individual and moving range
control charts for these data.
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