(Answered) As part of an insurance company training program

Management Studies

As part of an insurance company training program, participants learn how to conduct an analysis of clients insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes. Test results for three participants were: Armand, a mean of 38 minutes and a standard deviation of 3 minutes; Jerry, a mean of 37 minutes and a standard deviation of 2.5 minutes; and Melissa, a mean of 37.5 minutes and a standard deviation of 1.8 minutes.
a. Which of the participants would you judge to be capable? Explain.
b. Can the value of the Cpk exceed the value of C p for a given participant? Explain.

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