The results of inspection of DNA samples taken over the past 10 days are given below. Sample size is 100. Day 1 2 3 4 5 6 7 8 9 10 Defectives 3 5 5 6 3 3 0 4 6 2 a) The upper and lower 3-sigma control chart limits are: UCL Subscript p = . 0936 (enter your response as a number between 0 and 1, rounded to three decimal places). LCL Subscript p = negative . 0196 (enter your response as a number between 0 and 1, rounded to three decimal places).
Answers
Answer:
UCLp = 0.157
LCLp = 0
Day:
11 - yes
12 - yes
13 - yes
Explanation:
The upper and lower 3-sigma control chart limits are
UCLp = 0.157
LCLp = 0
Given the limits, is the process in control for the following days?
Day:
11 - yes
12 - yes
13 - yes
Final answer:
The 3-sigma control chart utilizes mean and standard deviation to set the upper and lower limits. The upper limit in this scenario is 19 while the lower limit is 1, consequently, 99.7% of the defects would fall within this range.
Explanation:
The question involves understanding the 3-sigma control chart and setting appropriate limits. The upper control limit (UCL) and lower control limit (LCL) are boundaries in the control chart that you set, based on the standard deviations of the population. Anything beyond these boundaries may be deemed out of the control. Defectives are considered as elements that do not meet specific requirements, and the proportion is calculated based on the total number of observations.
The calculation of UCL and LCL involves determining the mean (µ) and standard deviation (ơ) of the dataset, then calculating upper and lower limits based on the z-score, which is typically ±3 for a 3-sigma control chart. For example, if µ = 10 and ơ = 3, we use the formula x = µ + zơ to get UCL (x₁ = 10 + 3(3) = 19) and the formula x = µ - zơ to get LCL (x₂ = 10 - 3(3) = 1). This means 99.7% of the defects would fall between 1 and 19.
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Related Questions
The tragedy of the commons suggests that ________.(A) an ongoing process of give and take is based on mutual trust.(C) mutual trust is based on an ongoing process of give and take.
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$28.22
$31.04
$28.15
$29.63
Answers
Answer:
What Baldwin pays to its employees per hour is $29.63
Explanation:
Consider the following calculations to find the Baldwin pays to its employees.
Total raise = 5% + 0.25% = 5.25%
Present wages = $28.15
Baldwin will pay = $28.15* (1.0525) = $29.63
Final answer:
Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached which is $29.63
Explanation:
To calculate how much Baldwin will pay its employees per hour, we need to consider the additional performance bonus of 0.25% and the annual raise. Let's assume the current hourly rate is $x. The additional performance bonus can be calculated by multiplying 0.25% by the hourly rate, which is 0.0025x. The total amount per hour will then be the sum of the hourly rate, the additional performance bonus, and the annual raise.
Therefore, Baldwin will pay its employees $x + 0.0025x + annual raise per hour if productivity goals are reached. Thus, it can be calculated as -
Total raise = 5% + 0.25% = 5.25%
Present wages = $28.15
Baldwin will pay = $28.15* (1.0525)
= $29.63
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Answers
Answer:
The answer is "74,000".
Explanation:
Please find the complete question in the attached file.
Profitability analysis of the total business:
The combined value for final sales
Low cost of manufacturing end products:
Wool's cost
Process cost of segregation
Combined dyeing cost s
Gain benefit
Final answer:
To determine the overall profit in industries that process joint products, calculate the difference between the sales value of the final products and the costs of the raw materials inputs.
Explanation:
In industries that process joint products, the overall profit can be determined by calculating the difference between the sales value of the final products and the costs of the raw materials inputs. To find out the overall profit, follow these steps:
- Calculate the total sales value of the final products by summing up the sales values of all the final products.
- Calculate the total costs of the raw materials inputs by summing up the costs of all the raw materials.
- Subtract the total costs of raw materials inputs from the total sales value of the final products.
The resulting value will be the overall profit if all intermediate products are processed into final products.
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B. Short-run marginal cost increases as output increases
C. Long-Run marginal cost increases as output increases
D. Short-run average cost increases as output increases
E. As output doubles, long run total cost more than doubles
Answers
Answer:
B. Short-run marginal cost increases as output increases
Explanation:
diseconomies of scale are the cost disadvantages that economic actors accrue due to an increase in organizational size or on output, resulting in production of goods and services at increased per-unit costs.
Answers
Answer:
The correct answer is $1,370
Explanation:
The computation of net present value is shown below:-
For computing the net present value first we need to find out the present value of inflow
Present Value of Inflow of 3 Years at 9% = Net cash flow × Number of years
= $27,800 × 2.5313
= $70,370
Net Present Value = Present value of inflow - Initial Outflow
= $70,370 - $69,000
= $1,370
Therefore for computing the net present value we simply deduct the initial outflow from present value of inflow.
Answers
Answer:
Quality Control Policies and Procedures and the Elements of Quality (SQCS 8):
1. Assign management responsibilities in such a manner that commercial considerations do not override the quality of work performed.
d. Human resources
2. Establish policies and procedures for resolving differences of opinion among firm personnel that arise during professional engagements.
a. Leadership responsibilities for quality within the firm (the tone at the top)
3. Develop policies and procedures to ensure that professionals are provided appropriate professional development opportunities.
d. Human resources
4. Review engagement documentation, reports, and the client’s financial statements.
f. Monitoring
5. Develop effective performance evaluation, compensation, and advancement procedures. Identify circumstances and relationships that create threats to independence and take appropriate action to eliminate those threats or reduce them to an acceptable level.
b. Relevant ethical requirements
6. Identify whether the firm possesses the competency, capability, and resources to appropriately serve a specific client.
c. Acceptance and continuance of client relationships and specific engagements
7. Devote sufficient resources to develop, communicate, and support the firm’s quality control procedures.
d. Human resources
8. Retain engagement documentation for a sufficient period of time to satisfy the needs of the firm, professional standards, laws, and regulations.
e. Engagement performance
Explanation:
According to SQCS 8, the firm must establish and maintain a system of quality control. The six elements of the system of quality control are:
a. Leadership responsibilities for quality within the firm (the tone at the top)
b. Relevant ethical requirements
c. Acceptance and continuance of client relationships and specific engagements
d. Human resources
e. Engagement performance
f. Monitoring
Final answer:
The quality control policies and procedures in public accounting firms are categorized into six elements identified by SQCS 8. Reviewing engagement documentation and the client's financial statements is under the element of monitoring.
Explanation:
Review engagement documentation, reports, and the client's financial statements falls under the element of monitoring in the quality control policies and procedures. This involves performing internal reviews to ensure the accuracy of the work and compliance with professional standards. Developing performance evaluation and compensation procedures falls under the human resources element. Identifying threats to independence and addressing them is part of the independence and ethical requirements element.
Develop effective performance evaluation, compensation, and advancement procedures is related to the element of human resources. This includes establishing fair and objective processes for evaluating staff performance and providing appropriate rewards.
Identifying circumstances and relationships that create threats to independence and taking appropriate action is part of the element of independence and ethical requirements. This involves assessing potential conflicts of interest and ensuring that professional judgment is not compromised.
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Answers
Answer:
No
Explanation:
In a competitive market, price should be a function of variable/marginal costs not fixed costs.