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The Robin Hood bank has noticed an apparent decline in the daily demand deposits, the average daily demand deposit balance has been running at 109 million with an average range of 15 million over the past year. The demand deposits for the past six days have been 110, 102, 96, 87, 115, and 106. A. What are the CL, UCL, LCL for the x and R charts based on a sample size of 6? B. Compute an average range for the past six days. Do the figures for the past six days suggest a change in the average or range from the past year?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91509546

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