The defect rate for data entry of insurance claims atSadegh Kazemi Insurance Co. has historically been about 1.5%.a) What are the upper and lower control chart limits if you wishto use a sample size of 100 and 3-sigrna limits?b) What if the sample size used were 50, with 3a?c) What if the sample size used were 100, with 2a?d) What if the sample size used were 50, with 2a?e) What happens to cJP when the sample size is larger?f) Explain why the lower control limit cannot be less than 0.
The defect rate for data entry of insurance claims atSadegh Kazemi Insurance Co. has historically been about 1.5%.a) What are the upper and lower control chart limits if you wishto use a sample size of 100 and 3-sigrna limits?b) What if the sample size used were 50, with 3a?c) What if the sample size used were 100, with 2a?d) What if the sample size used were 50, with 2a?e) What happens to cJP when the sample size is larger?f) Explain why the lower control limit cannot be less than 0.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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| The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.5%. a) What are the upper and lower control chart limits if you wish to use a b) What if the sample size used were 50, with 3a? c) What if the sample size used were 100, with 2a? d) What if the sample size used were 50, with 2a? e) What happens to cJP when the sample size is larger? f) Explain why the lower control limit cannot be less than 0. |
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