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- As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes. Test results for three participants were the following: Armand, a mean of 36.0 minutes and a standard deviation of 3.0 minutes; Jerry, a mean of 34.0 minutes and a standard deviation of 2.0 minutes; and Melissa, a mean of 37.5 minutes and a standard deviation of 1.7 minutes. a.Compute process capability for the participants and determine whether each is capable. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Melissa ? Cp what is itAs part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes. Test results for three participants were the following: Armand, a mean of 36.0 minutes and a standard deviation of 2.0 minutes; Jerry, a mean of 37.0 minutes and a standard deviation of 2.0 minutes; and Melissa, a mean of 37.5 minutes and a standard deviation of 2.6 minutes. a.Compute process capability for the participants and determine whether each is capable, given 4-sigma quality standards. (Do not round intermediate calculations. Round your answers to 2 decimal places.)As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 45minutes. Test results for three participants were: Armand, a mean of 38 minutes and a standarddeviation of 3 minutes; Jerry, a mean of 37 minutes and a standard deviation of 2.5 minutes; andMelissa, a mean of 37.5 minutes and a standard deviation of 1.8 minutes.a. Which of the participants would you judge to be capable? Explain.b. Can the value of the Cpk exceed the value of Cp for a given participant? Explain.
- As part of an insurance company's training program, participants learn how to conduct an analysis of clients' insurability. The goal is to have participants achieve a time in the range of 30 to 45 minutes. Test results for three participants were: Armand, a mean of 38 minutes and a standard deviation of 3 minutes: Jerry, a mean of 37 minutes and a standard deviation of 2.5 minutes: and Melissa, a mean of 37.5 minutes and a standard deviation of 1.8 minutes. Which of the participants would you judge to be capable? Explain. Can the value of the Cp exceed the value of Cp for a given participant? ExplainQuestion 1: A company making tires for bikes is concerned about the exact width of its cyclocross tires. The company has a lower specification limit of 22.8 mm and an upper specification limit of 23.2 mm. The standard deviation is 0.15 mm and the mean is 23 mm. What is the process capability index (Cpk) for the process? Question 2: Consider again that the company making tires for bikes is concerned about the exact width of its cyclocross tires. The company has a lower specification limit of 22.8 mm and an upper specification limit of 23.2 mm. The standard deviation is 0.15 mm and the mean is 23 mm. What is the probability that a tire will either be too wide or too narrow? Question 3: 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…The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen samples of five completed mortgage transactions each were taken during a period when the process was believed to be in control. The times to complete the transactions were measured. The means and ranges of the mortgage process transaction times, measured in days, are as follows: Sample Mean Range ew an example 1 2 16 12 7 12 Get more help. 3 6 5 4 5 6 7 8 9 15 10 10 13 14 11 9 10 16 13 16 11 Subsequently, samples of size 5 were taken from the process every week for the next 10 weeks. The times were measured and the following results obtained: D Sample Mean Range 16 9 8 17 12 12 18 19 13 7 7 5 20 15 13 MacBook Pro Click the icon to view the table of factors for calculating three-sigma limits for the x-chart and R-chart. a. Construct the control charts for the mean and the range, using the original 15 samples. Set up the R-chart by specifying the center line and three-sigma control…
- XYZ Rural Bank implemented its initial attempts to manage the performances of its 150 employees. XYZ Rural Bank has 10 branches all over Zamboanga Peninsula and each branch is supervised by a branch manager and has 10-15 employees working directly under his supervision. In its initial implementation of its own performance management system, its HR department sent a Performance Appraisal (PA) Template that all branch managers need to fill out. PA tool includes the following aspects of the employees performances:• Attendance (lates, absences, undertime etc)• Successful collection done (for Account Officers, Loan Officers, Credit Investigators)• Loans processed (For Account Officers and Loan Officers) Every July and January, all branch managers should submit the filled-out PA templates to HR for recording and consolidation. One week before the deadline for such PA template to be submitted to HR, the branch managers fill out the templates themselves based on their own observations. These…Your twenty observations of Dr. Knowitall reveal the following information. Assume that the estimate is to be within 5 percent of the true proportion 96 percent of the time Activity Observed Number of Times Observed With patient 6 Reviewing test results 5 On phone 5 Idle 3 Away on emergency 1 Not available 1 Total 21 Calculate the sample size needed to estimate the proportion of time Dr. Knowitall spends away on emergencies.How do z scores relate to the normal curve? How would you interpret a z score of –3.0? What percentage of scores is between a z of –2 and a z of +2? Why is this important?
- A time study analyst wants to estimate the time required to perform a certain job. A preliminary study yielded a mean of 6.4 minutes and a standard deviation of 2.1 minutes. The desired confidence is 95 percent. How many observations will he need (including those already taken) if the desired maximum error is:a. ± 10 percent of the sample mean?b. One-half minute?Problem 1: Auto pistons at Wemming Chung’s plant in Shanghai are produced in a forging process, and the diameter is a critical factor that must be controlled. From sample sizes of 10 pistons produced each day, the mean and the range of this diameter have been as follows: Day Mean (mm) Range (mm) 1 156.9 4.2 2 153.2 4.6 3 153.6 4.1 4 155.5 5.0 5 156.6 4.5 a) What are the UCL x (line on top of x, counldn't find the button to do it) and LCL x (line on top of x) , using 3σ? Plot the data. b) What are the UCL R and LCL R , using 3σ? Plot the data. c) Is the Process in Control? (Please screen shot the EXCEl if its in excel) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Q1: Identify the sampling technique used in the above scenarios. B puts students' names in a hat and then selects his sample by picking 5 names, from his hat. B wants to check the airport security and for that he choose the first 50people to pass through a checkpoint. B wants to check the food quality of the products and for that he selects every 10thitems as her sample. B want to analyze the job satisfaction level among employees. He divided employees on the basis of “managers” and “non-managerial employees” and then randomly select 10 persons from each group. B want to study on gambling addiction and realized that it is difficult to get in contact with gambling addictive. He had however been in contact with one individual gambler in the initial phase of the study. When he interviewed him he asked if he had knowledge of other gamblers. The gambler gave references for two persons. When these two persons were interviewed, one gambler give reference…