For 40 days in the summer, you are working in a small, student-run company that sends...

For 40 days in the summer, you are working in a small, student-run company that sends out merchandise with university branding to alumni around the world. Every day, you take a sample of 50 shipments that are ready to be shipped to the alumni and inspect them for correctness. Across all days, the average percentage of incorrect shipments is 5 percent. What would be the center line for a p-chart?

40

50

0.05

2.5

None of the above

Expert Solution

Sample(n) \(=50\) shipments

Average incorrect percentage \(=5 \%\)

Defects in sample(np) \(=\frac{5}{100} \times 50\)

Center line of \(\mathrm{p}\)-chart \(=\mathrm{P}\) bar \(=\frac{\sum \mathrm{np}}{\sum \mathrm{n}}\) \(=\frac{5 \times 50}{100 \times 50}\)

\(=0.05\)

Therefore, answer is \(0.05\).

Amanda K answered 2 years ago

You are working in a small, student-run company that sends out merchandise with university branding to...

You are working in a small, student-run company that sends out merchandise with university branding to alumni around the world. Every day, you take a sample of 50 shipments that are ready to be shipped to the alumni and inspect them for correctness. Across all days, the average percentage of incorrect shipments is 5 percent. What would be the upper control limit for a p-chart? a. 0b. 0.05c. 0.03082207 d. 0.142466

As the summer intern for a company that manufactures nozzles for garden hoses, you are working...

As the summer intern for a company that manufactures nozzles for garden hoses, you are working on a project involving adjustable hose nozzles. Your design calls for a rotating head that has a number of cylindrical plugs that can be inserted into the hose opening. On a particular setting, the speed of the water passing around the plug is 7 times as large as the speed of the water in the hose. Determine the ratio of the plug radius (rplug)...

At the Canyon Marina in San Antonio, it has been reported that during summer working days,...

At the Canyon Marina in San Antonio, it has been reported that during summer working days, according to the Poisson distribution, boats arrive at a rate of 3 per hour. Arrival per hour Arrival per minute λ boats in 20 minute period a. What is the expect number of boats that will arrived in a 20-minute period? boats x P(x) b. What is the probability that no boats arrive during a 20-minute period? boats c. What is the probability that...

You are spending the summer working for a local wholesale furniture company, Samson Furniture, Inc

You are spending the summer working for a local wholesale furniture company, Samson Furniture, Inc. The company is considering a proposal from a local financial institution, Old Reliant Financial, to factor Samson’s receivables. The company controller is unfamiliar with the prevailing GAAP that deals with accounting for the transfer of financial assets and has asked you to do some research. The controller wants to make sure the arrangement with the financial institution is structured in such a way as to...

You are working for the CFO of a small manufacturing company and are thinking about investing...

You are working for the CFO of a small manufacturing company and are thinking about investing in new equipment. The cost of the project is 9,500 today and it pays of 15,000 in ten years. Your beta is 0.2 and the market risk premium is 5%. 1. What is the NPV of the project if the 10-year Treasury (risk-free) rate is 2.6%? 2. What is the NPV if the 10-year Treasury rate is 3.1%?

You are working for a small company that has developed an electric scooter that is lower...

You are working for a small company that has developed an electric scooter that is lower cost, lighter, and has longer battery range than most existing electric scooters on the market. What strategies might your company pursue to try to increase your company’s success?

You are working during the summer in the natural gas rich country of Kazakhstan as an...

You are working during the summer in the natural gas rich country of Kazakhstan as an intern in the Kazakh Institute of Energy Systems Analysis. In early 2018, the government realized that its policy of having a market price ceiling for natural gas was leading to over-consumption and was hurting export revenues. It therefore decided to deregulate the natural gas industry. Before the step is taken, however, the minister of energy asks you to predict the impact on the local...

•If you run a small courier company as the subcontractor for Australia post, use the cost...

•If you run a small courier company as the subcontractor for Australia post, use the cost curves to daw a graph which component of your costs will be affected by the petrol price drop. •Identify the type of cost petrol is for the company (variable/fixed cost), and explain the impact of price change on this cost category and total and average cost. •Draw initial cost curves (ATC, AVC, AFC and MC). Show the change of those curves as a result...

Case scenario B Consider you are the accountant working for a small IT company that manufactures...

Case scenario B Consider you are the accountant working for a small IT company that manufactures a new memory storage device. Computer giant Dell has offered to put the new device in their laptops if your firm will extend them credit terms that allow them 90 days to pay. Since your company does not have many cash resources, your boss has asked you to look into Dell’s liquidity and analyze its ability to pay their bills on time using the...

The following are the ages of all employees of a small company: 18, 56, 40, 40,...

The following are the ages of all employees of a small company: 18, 56, 40, 40, 51,51 56, 45, 48, 49 ,70 a) Find the sample mean b) Find the sample median c) Find the sample mode d) Find .the sample range e) Find the lower and upper quartiles, and the sample interquartile range IQR Q1= Q3= IQR= f) Display the data with a boxplot (with fences andwhiskers). Calculate Fences: g) Write a brief description of this data (symmetry, outliers)....

Question