Answered: Run Size Failures (%) Run Size Failures…

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST3: The Stock Market: Its Function, Performance, And Potential As As Investemtn Opportunity

Section: Chapter Questions

Problem 3CQ

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Question

Oregon Fiber Board makes roof liners for the automotive
industry. The manufacturing manager is concerned about
product quality. She suspects that one particular failure, tears in the fabric, is related to production-run size. An assistant
gathers the following data from production records:

a. Draw a scatter diagram for these data.
b. Does there appear to be a relationship between run size
and percent failures? What implications does this data
have for Oregon Fiber Board’s business?

Run
Size
Failures (%)
Run
Size
Failures (%)
1
1,000
3.5
11
6,500
1.5
2
4,100
3.8
12
1,000
5.5
2,000
5.5
13
7,000
1.0
6,000
1.9
14
3,000
4.5
6,800
2.0
15
2,200
4.2
6
3,000
3.2
16
1,800
6.0
7
2,000
3.8
17
5,400
2.0
8
1,200
4.2
18
5,800
2.0
5,000
3.8
19
1,000
6.2
10
3,800
3.0
20
1,500
7.0
3.
4)

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