(a) Construct a CUSUM chart to analyze the data for the purpose of verifying the engineer's claim regarding the scrap reduction. (h=5 and k=0.25). (b) When is process last in control? (c) What is the magnitude of the mean shift?
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- If the lead time increases from 1 to 4 weeks, will the standard deviation of demand during thelead time increase four times? If not, why not?A mutual find achieved the following rates of growth over an 11-month period: 3 , 2 , 7, 8 , 2 , 4 , 3 , 7.5, 7.2, 2.7, 2.09 (percent). Determine the 5th decila from the dataZIMS store sells its products on installments in Karachi. The store decided to investigate the link between the life of the product and the cost. The data collected from store is shown in Table 1.1Table 1.1LIFE OF PRODUCT (Years) COST (Thousand Rupees)3.0 253.5 284.0 324.5 345.0 343.0 305.5 404.5 404.0 423.5 426.0 507.5 508.0 538.5 55a) Plot a scatter chart from the above data.b) Find the equation of the least square regression line in the form ? = ? + ??Given the value of a and b up to 3 decimal places. c) What are the exact interpretations of the estimated regression factors? d) Using your answer of part (b). Find the cost predicted by the regression line for 6.5 year’s life of a product.
- The mean annual income of workers who are college graduates greater than 120,000.00 a year.[But,] Data for January showed that exports of scrap plastic from the United States edged upward, to 48 million tons from 45 million tons the previous January. Exports to poorer nations were virtually unchanged from a year ago, totaling 25 million tons. Advocates say that there are clear red flags in the data. Malaysia, which had signed on [to the agreement], remained a major destination for US scrap plastic in January b. What was the percent (%) increase in total scrap plastic exported from the USA between January last year (2020) and January this year (2021)?John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
- The following table shows a sample of room rates for a 100 room resort hotel in Nova Scotia for the time period Jan. 1 to Dec. 2003. Note that 1/1-7/3 means January 1 to March 7, 2003. Be sure to scroll down to see the bottom of the rate table. 2003 Room Rates A Oceanfront 1 double bed Oceanfront 2 double beds Oceanfront Effic, 2 double beds 2 room suite 3 double beds Oceanfront Suite 3 double beds Extra Person B C D E 1/1 - 7/3 75 85 105 120 140 5 8/3 30/3 125 135 155 175 200 8 31/3 - 31/5 85 115 130 150 5 1/6 -30/6 100 110 130 150 175 5 1/7 2/9 -1/9 -8/10 150 95 180 200 225 10 105 125 140 165 7 9/10 -1/12 85 95 115 130 5 2/12 -20/12 75 85 105 120 140 5 21/12 - 31/12 125 135 155 175 200 10 IMPORTANT: Please omit the dollar signs in all answers. Note: Suites have 3 beds. a. For the 9 time periods, what was the mean extra person rate? b. (i) This hotel has 20 type A rooms, 15 type B, 30 type C, 25 type D and the remainder are type E. If the hotel was fully booked (with no extra people…ZIMS store sells its products on installments in Karachi. The store decided to investigate the link between the life of the product and the cost. The data collected from store is shown in Table 1.1:Table 1.1LIFE OF PRODUCT (Years) COST (Thousand Rupees)3.0 253.5 284.0 324.5 345.0 343.0 305.5 404.5 404.0 423.5 426.0 507.5 508.0 538.5 55a) Plot a scatter chart from the above data.b) Find the equation of the least square regression line in the form ? = ? + ??. Given the value of ? ??? ? up to 3 decimal places. c) What are the exact interpretations of the estimated regression factors? d) Using your answer of part (b). Find the cost predicted by the regression line for ?. ? year’s life of a product.By what percentage is salary predicted to increase if ros increases by 50 points? Does ros have a practically large effect on salary?
- In response to rising concerns about identity theft, the number of models of paper shredders a company manufactures increased approximately steadily from 3 models in 1993 to 38 models in 2008. Find the average rate of change of the number of shredder models manufactured per year between 1993 and 2008. The average rate of change of the number of paper shredders manufactured per year between 1993 and 2008 was ___The Abendigo Division of Block C Enterprises has a product designed to operate for 1000 hours with a failure rate of 2.2%. Calculate the Mean Time to Failure.