Due to COVID 19, the Purchase department of the company decided change the supplier of the material if the IQR of prices is more than RO. 20, and if IQR prices is less than RO. 20, the company will continue the same way of purchase of material. If the IQR goes beyond 50, company decided to produce the component itself rather than buying it from outside. You are required to suggest suitable measures to management.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%
4. Al Salam Company LLC have ordered 110 pieces of material with a price range of 1 RO to 99 RO.
Price in RO
Number of items
00- 10
3
10-20
8
20-30
10
30-40
11
40-50
20
50-60
30
60-70
18
70-80
80-90
90-100
5
Due to COVID 19, the Purchase department of the company decided change the supplier of the material if the IQR of
prices is more than RO. 20, and if IQR prices is less than RO. 20, the company will continue the same way of purchase of
material. If the IQR goes beyond 50, company decided to produce the component itself rather than buying it from
outside. You are required to suggest suitable measures to management.
Transcribed Image Text:4. Al Salam Company LLC have ordered 110 pieces of material with a price range of 1 RO to 99 RO. Price in RO Number of items 00- 10 3 10-20 8 20-30 10 30-40 11 40-50 20 50-60 30 60-70 18 70-80 80-90 90-100 5 Due to COVID 19, the Purchase department of the company decided change the supplier of the material if the IQR of prices is more than RO. 20, and if IQR prices is less than RO. 20, the company will continue the same way of purchase of material. If the IQR goes beyond 50, company decided to produce the component itself rather than buying it from outside. You are required to suggest suitable measures to management.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Statistical Quality Control
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman