Exam 22: Business Statistics
Exam 2: Data20 Questions
Exam 3: Surveys and Sampling26 Questions
Exam 4: Displaying and Describing Categorical Data21 Questions
Exam 5: Displaying and Describing Quantitative Data24 Questions
Exam 6: Correlation and Linear Regression36 Questions
Exam 7: Randomness and Probability28 Questions
Exam 8: Random Variables and Probability Models24 Questions
Exam 9: The Normal Distribution21 Questions
Exam 10: Confidence Intervals for Means20 Questions
Exam 11: Confidence Intervals for Proportions28 Questions
Exam 12: Confidence Intervals for Means21 Questions
Exam 13: Testing Hypotheses18 Questions
Exam 14: Comparing Two Groups19 Questions
Exam 15: Inference for Counts: Chi-Square20 Questions
Exam 16: Inference for Regression22 Questions
Exam 17: Understanding Residuals22 Questions
Exam 18: Multiple Regression15 Questions
Exam 19: Data13 Questions
Exam 22: Business Statistics20 Questions
Exam 24: Decision Making and Risk25 Questions
Exam 25: Introduction to Data Mining11 Questions
Exam 26: Exploring and Collecting Data43 Questions
Exam 27: Modeling With Probability20 Questions
Exam 28: Inference for Decision Making25 Questions
Exam 29: Models for Decision Making38 Questions
Exam 30: Selected Topics in Decision Making22 Questions
Select questions type
Create p-charts.
-In order to achieve higher levels of customer satisfaction, a company initiates
Monitoring the complaint resolution process of its customer service representatives. As a
First step, the company decides to collect data on the number of unanswered calls out of
The first 250 incoming calls to its call center made each day. At the end of monitoring 25
Days, it was found that a total of 500 incoming calls went unanswered. The control limits
For the p-chart of these data are
Free
(Multiple Choice)
4.8/5
(38)
Correct Answer:
A
Create X-bar and R charts.
-A company that manufactures health food snacks produces low sodium rice chips. To
Monitor the process for sodium levels, chips are selected periodically and the amount of
Sodium (mg) measured. For each of thirty samples consisting of 8 chips, the mean and
Range in sodium content is determined. The average of the means across all samples is 55
Mg and the average range is 2.2 mg. The lower and upper control limits for the x-bar
Chart are
Free
(Multiple Choice)
4.8/5
(37)
Correct Answer:
C
Estimate the process standard deviation.
-An automatic filling process is used to dispense hand sanitizer into small purse size
Bottles. The target weight is 75 ml. The company has initiated control charting to
Stabilize and improve the automatic filling process. For each of twenty-five samples
Consisting of four bottles, the contents were measured and the mean weight and range
Were determined. The average of the means across all samples was found to be 72.5 ml.
And the average range was 2.75 ml. The estimate of the process standard deviation is
Free
(Multiple Choice)
4.8/5
(25)
Correct Answer:
D
Distinguish between specification and control limits.
-Machine oil is used by clothing manufacturers to lubricate and protect sewing
Machines. A company that produces machine oil must ensure that the viscosity of its
Product meets customer requirements. Consequently, the viscosity of every batch of oil
Produced is measured. Suppose that the process mean is 101 cP and the process standard
Deviation is 1.50 cP. What are the limits for a runs chart to be used to see that the process
Remains control? A. and
B. and
C. and
D. and
E. None of the above
(Short Answer)
4.7/5
(30)
Identify the appropriate control chart for measured data.
-A paper products manufacturer coats paper with a thin film of wax. To initiate control
Charting, data are collected on the thickness of the coating (measured in mm) by taking
Twenty-five samples each of size five. The appropriate control chart for these data is the
(Multiple Choice)
4.8/5
(34)
Create p-charts.
-An importer of decorative ceramic tile samples 50 tiles each day from incoming
Shipments. Some tiles are cracked or broken before or during transit, rendering them
Useless scrap. Sampling from incoming shipments for 30 days reveals that a total of 250
Tiles are cracked or broken. The centerline on the p chart for these data is
(Multiple Choice)
4.9/5
(32)
Estimate the process standard deviation.
-A company that manufactures health food snacks produces low sodium rice chips. To
Monitor the process for sodium levels, chips are selected periodically and the amount of
Sodium (mg) measured. For each of thirty samples consisting of 8 chips, the mean and
Range in sodium content is determined. The average of the means across all samples is 55
Mg and the average range is 2.2 mg. The estimated process standard deviation (σˆ ) is
(Multiple Choice)
4.7/5
(24)
Create c-charts.
-A manufacturer of a particular grade of copper tubing collects data on the number of
Flaws occurring in 500 foot coils. Suppose they sample a total of 40 coils to initiate
Control charting. The average number of defects per coil is 2.5. The lower and upper
Control limits for the appropriate control chart for these data are
(Multiple Choice)
4.8/5
(38)
Compute process capability indices.
-Machine oil is used by clothing manufacturers to lubricate and protect sewing
Machines. A company that produces machine oil must ensure that the viscosity of its product meets customer requirements. Consequently, the viscosity of every batch of oil produced is measured. Suppose that the process mean is and the process standard deviation is . What is the index if the customer specifications require viscosity of the machine oil to be ?
(Multiple Choice)
4.9/5
(24)
Understand the purpose of control charts.
-Which of the following statements is false regarding control charts?
(Multiple Choice)
4.9/5
(32)
Create X-bar and R charts.
-An automatic filling process is used to dispense hand sanitizer into small purse size
Bottles. The target weight is 75 ml. The company has initiated control charting to
Stabilize and improve the automatic filling process. For each of twenty-five samples
Consisting of four bottles, the contents were measured and the mean weight and range
Were determined. The average of the means across all samples was found to be 72.5 ml.
And the average range was 2.75 ml. The control limits for the R chart are
(Multiple Choice)
5.0/5
(39)
Compute process capability indices.
-By design, a required dimension on a part is 0.575 inches plus or minus 0.008 inches. Assume that the process producing this part is stable with a mean of inches and standard deviation of inches. What is the index?
(Multiple Choice)
4.9/5
(33)
Create X-bar and R charts.
-A company that manufactures health food snacks produces low sodium rice chips. To
Monitor the process for sodium levels, chips are selected periodically and the amount of
Sodium (mg) measured. For each of thirty samples consisting of 8 chips, the mean and
Range in sodium content is determined. The average of the means across all samples is 55
Mg and the average range is 2.2 mg. The lower and upper control limits for the R chart
Are
(Multiple Choice)
4.9/5
(35)
Identify the appropriate control chart for attributes data.
-A manufacturer of a particular grade of copper tubing collects data on the number of
Flaws occurring in 500 foot coils. Suppose they sample a total of 40 coils to initiate
Control charting. The average number of defects per coil is 2.5. The appropriate control
Chart for these data is the
(Multiple Choice)
4.9/5
(28)
Identify the appropriate control chart for attributes data.
-A producer of specialty products uses a variety of natural and man-made materials to
Make unique countertops for kitchens and baths. One product line mixes concrete and
Natural river stone to make countertops that are polished to a high shine revealing unique
Patterns. Occasionally coarse sand will result in undesirable pitting and rough spots on
Surfaces. Consequently, as part of its quality control efforts, 8 by 4 foot polished slabs
Are checked periodically for imperfections. For each slab inspected the number of
Imperfections (pits, rough spots, etc.) is recorded. What type of control chart should be
Used for these data?
(Multiple Choice)
4.8/5
(27)
Create X-bar and R charts.
-An automatic filling process is used to dispense hand sanitizer into small purse size
Bottles. The target weight is 75 ml. The company has initiated control charting to
Stabilize and improve the automatic filling process. For each of twenty-five samples
Consisting of four bottles, the contents were measured and the mean weight and range
Were determined. The average of the means across all samples was found to be 72.5 ml.
And the average range was 2.75 ml. The control limits for the X-bar chart are
(Multiple Choice)
4.8/5
(30)
Understand the purpose of control charts.
-Machine oil is used by clothing manufacturers to lubricate and protect sewing
Machines. A company that produces machine oil must ensure that the viscosity of its
Product meets customer requirements. Consequently, the viscosity of every batch of oil
Produced is measured. Suppose that the process mean is 101 cP and the process standard
Deviation is 1.50 cP. What type of chart should be used to ensure the process remains in
Control?
(Multiple Choice)
4.7/5
(30)
Create c-charts.
-A producer of specialty products uses a variety of natural and man-made materials to
Make unique countertops for kitchens and baths. One product line mixes concrete and
Natural river stone to make countertops that are polished to a high shine revealing unique
Patterns. Occasionally coarse sand will result in undesirable pitting and rough spots on
Surfaces. Consequently, as part of its quality control efforts, 8 by 4 foot polished slabs
Are checked periodically for imperfections. For each slab inspected the number of
Imperfections (pits, rough spots, etc.) is recorded. If the average number of imperfections
Per 8 by 4 foot polished slab is 2.6, the control limits for the appropriate control chart are
(Multiple Choice)
4.7/5
(31)
Distinguish between specification and control limits.
-By design, a required dimension on a part is 0.575 inches plus or minus 0.008 inches.
Assume that the process producing this part is stable with a mean of 0.579 inches and
Standard deviation of 0.002 inches. The specification limits for this part are
(Multiple Choice)
4.9/5
(33)
Create p-charts.
-An importer of decorative ceramic tile samples 50 tiles each day from incoming
Shipments. Some tiles are cracked or broken before or during transit, rendering them
Useless scrap. Sampling from incoming shipments for 30 days reveals that a total of 250
Tiles are cracked or broken. The lower and upper control limits on the p chart for these
Data are
(Multiple Choice)
4.8/5
(28)
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)