Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Corporate Finance Expert

Assignment: SPC

1. Leah's Toys guarantees to ship customer orders in 24 hours or less. The following chart contains results for five samples of nine customer orders each:

SAMPLE CUSTOMER ORDERS SAMPLE  (HOURS TO SHIP)

1

3

5

21

4

15

9

7

3

6

 

2

22

16

8

16

11

38

11

25

15

 

3

9

2

5

17

2

19

4

2

4

 

4

6

7

18

9

16

18

7

10

1

 

5

11

10

20

18

1

6

3

18

9

 

a. Based on these results, estimate the p and Sp values.

b. A student comments, "Time is a continuous variable. We should really be looking at the X and R values." Do you agree or disagree? Explain your rationale.

2. A lumber company makes plywood for commercial construction. A key quality measure is the thickness of the plywood. Every two hours, five pieces of plywood (n = 5) are selected, and the thicknesses are measured. The data (in inches) for the first 20 samples are as follows:

Two-Hour Period

Plywood 1

Plywood 2

Plywood 3

Plywood 4

Plywood 5

1

0.642

0.612

0.659

0.691

0.689

2

0.705

0.584

0.644

0.685

0.618

3

0.63

0.599

0.594

0.621

0.628

4

0.586

0.634

0.639

0.656

0.64

5

0.641

0.64

0.693

0.649

0.646

6

0.636

0.713

0.678

0.725

0.631

7

0.703

0.602

0.668

0.679

0.711

8

0.649

0.635

0.672

0.64

0.675

9

0.607

0.625

0.604

0.64

0.65

10

0.652

0.641

0.72

0.597

0.629

11

0.572

0.696

0.612

0.631

0.675

12

0.666

0.679

0.67

0.609

0.617

13

0.673

0.662

0.622

0.644

0.656

14

0.669

0.656

0.623

0.71

0.667

15

0.654

0.677

0.678

0.632

0.623

16

0.686

0.614

0.603

0.674

0.671

17

0.72

0.696

0.692

0.655

0.652

18

0.666

0.651

0.619

0.596

0.677

19

0.665

0.671

0.658

0.62

0.69

20

0.642

0.625

0.626

0.638

0.637

a. develop an x chart to determine if the process is stable or not.

b. develop an R chart to determine if the process is stable or not.

3. A company randomly selects 50 shipping records every day to determine the number of orders that are shipped late. The following are the most recent 20 days of samples. The company wants to use the sampled data to develop a p chart to monitor the proportion of late shipments. Using the data below, develop a p chart to monitor this process. Does the process appear to be in control?

 

Sample

n = Sample Size

Number of Late Shipments

Number defective (p)

1

50

3

0.06

2

50

5

0.1

3

50

2

0.04

4

50

4

0.08

5

50

6

0.12

6

50

4

0.08

7

50

4

0.08

8

50

2

0.04

9

50

4

0.08

10

50

5

0.1

11

50

2

0.04

12

50

3

0.06

13

50

5

0.1

14

50

3

0.06

15

50

6

0.12

16

50

4

0.08

17

50

5

0.1

18

50

4

0.08

19

50

5

0.1

20

50

2

0.04

4. A machine is designed to fill bottles to between 16.01 and 15.98 ounces. Thirty samples of bottles filled by the machine were randomly selected from the process. The sample bottles yielded a mean (mu) of 15.99 and a standard deviation of 0.0025. Calculate the process capability index for the bottle filling machine and comment on its capability.

Corporate Finance, Finance

  • Category:- Corporate Finance
  • Reference No.:- M91425108
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Corporate Finance

Principles of financial investment assignment - the market

Principles of Financial Investment Assignment - "The market can solve all of society's needs." Discuss the above statement with particular reference to the financial markets. Your essay should be approximately 2,000 word ...

Question - given1 under armour annual report - you will

Question - Given 1. Under Armour Annual Report - You will find the financial statements in this annual report. 2. Nike Annual Report - You will find the financial statements in the 10-K. Instructions for final project: 1 ...

Graph an event study relationshipthe event in consideration

Graph an event study relationship. The event in consideration here is: "Environmental performance, being green, clean-tech, corporate sustainability, and many other "green" issues are on the forefront of the current econ ...

Interest swap valueabc bank has agreed to receive 3-month

Interest swap value ABC bank has agreed to receive 3-month LIBOR and pay 8% per annum on a notional principal of $100 million. The swap has a remaining life of 11 months. The LIBOR spot rates for 2-month, 5-month, 8-mont ...

Q1 delta hedgingon sept 30th 2011 exxon mobil xom stock was

Q1 (Delta Hedging) On Sept 30th, 2011, Exxon Mobil (XOM) stock was traded at $72.63 while the December XOM put option with $75 exercise price is traded at $5.00 and the December XOM call option with $70 exercise price is ...

Corporate finance assignment - required this assessment

Corporate Finance Assignment - Required: This assessment task is a written report and analysis of the financial performance of a selected company in order to provide financial advice to a wealthy investor. It will be bas ...

Assignment - credit card liabilities and fraudwhen a credit

Assignment - Credit Card Liabilities and Fraud When a credit card is lost or stolen, it can be used until its owner reports it as missing. This loss of one's credit card can result in fraud and therefore, being aware of ...

Assignment -topic - recent years have seen rapid

Assignment - Topic - Recent years have seen rapid development in Australia's housing market. The effect of high housing prices on Australian families is enormous. Despite those challenges, you would like to buy 3-bedroom ...

Assignment -are you able to produce a report as per the

Assignment - Are you able to produce a Report as per the given requirements please? Chosen company is Origin Energy (ORG). UAE The 2017 Annual Report. Instructions for the report - AASB 9 (and IFRS 9) Financial Instrumen ...

Assignment -this assignment is designed to test students on

Assignment - This assignment is designed to test students on Topic (Investment Appraisal) and on Topic (Dividend Policy). For Question 1, students are expected to appraise the attractiveness and risk of a capital asset p ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As