Charter National Bank has a staff of loan officers located in Its branch offices throughout the Southwest. Robert Kerns, vice president of consumer lending, would Ilike some information on the typical amount of loans and the range in the amount of the loans. A staff analyst of the vice president selected a sample of 10 loan officers and from each officer selected a sample of five loans he or she made last month. The data are reported here. Loan Amount ($000) 1 Loan Amount ($000) Officer 1 2 4 5 Officer 2 4 5 Weinraub 60 74 52 48 67 Вowyer 64 80 56 68 52 Visser 40 51 71 47 67 Kuhlman 75 43 45 77 47 Ludwig 44 81 Longnecker Simonetti Moore 50 42 53 87 85 78 65 67 62 32 Brunner 36 70 62 44 77 70 53 53 Wolf 33 59 38 78 63 43 50 15 31 46 E Click here for the Excel Data File Determine the control limits for the mean. (Round your answers to 2 declmal places.) Mean of the sample means I CI UCL Determine the control limits for the range. (Leave no cells blank - be certaln to enter "O" wherever requlred. Round your answers to 2 decimal places.) Mean of the sample ranges LCL UCL

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Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. Robert Kerns, vice president
of consumer lending, would like some information on the typical amount of loans and the range in the amount of the loans. A staff
analyst of the vice president selected a sample of 10 loan officers and from each officer selected a sample of five loans he or she
made last month. The data are reported here.
Loan Amount (S000)
Loan Amount ($000)
Officer
1
3
Officer
2
3
4
Weinraub
60
74 52
48
67
Bowyer
64
80
56 68
52
Visser
40
51
71
47
67
Kuhlman
75
43
45
77
47
Ludwig
Longnecker
Simonetti
Moore
50
42 53
87 85
78
65
67 62 32
Brunner
36 70 62
44 81
44
77 70 53 53
Wolf
33 59 38
78 63
43
50
15 31 46
E Click here for the Excel Data File
Determine the control limits for the mean. (Round your answers to 2 decimal places.)
Mean of the sample means
LCL
UCL
Determine the control limits for the range. (Leave no cells blank - be certaln to enter "O" wherever requlred. Round your answers to
2 decimal places.)
Mean of the sample ranges
LCL
UCL
Transcribed Image Text:Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. Robert Kerns, vice president of consumer lending, would like some information on the typical amount of loans and the range in the amount of the loans. A staff analyst of the vice president selected a sample of 10 loan officers and from each officer selected a sample of five loans he or she made last month. The data are reported here. Loan Amount (S000) Loan Amount ($000) Officer 1 3 Officer 2 3 4 Weinraub 60 74 52 48 67 Bowyer 64 80 56 68 52 Visser 40 51 71 47 67 Kuhlman 75 43 45 77 47 Ludwig Longnecker Simonetti Moore 50 42 53 87 85 78 65 67 62 32 Brunner 36 70 62 44 81 44 77 70 53 53 Wolf 33 59 38 78 63 43 50 15 31 46 E Click here for the Excel Data File Determine the control limits for the mean. (Round your answers to 2 decimal places.) Mean of the sample means LCL UCL Determine the control limits for the range. (Leave no cells blank - be certaln to enter "O" wherever requlred. Round your answers to 2 decimal places.) Mean of the sample ranges LCL UCL
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