TABLE 18-4 A Factory Supervisor Is Concerned That the Time It Takes

question 27

Short Answer

TABLE 18-4
A factory supervisor is concerned that the time it takes workers to complete an important production task (measured in seconds)is too erratic and adversely affects expected profits.The supervisor proceeds by randomly sampling 5 individuals per hour for a period of 10 hours.The sample mean and range for each hour are listed below. She also decides that lower and upper specification limit for the critical-to-quality variable should be 10 and 30 seconds,respectively.
-Referring to Table 18-4,what is the value of the C_pk index?

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Definitions:

Coffee Farmer

An individual or entity engaged in the cultivation and harvesting of coffee beans.

Profit Maximized

A condition in which a firm achieves the maximum possible profit given its production costs and market conditions, often determined by the intersection of marginal cost and marginal revenue.

Competitive Firm

A company operating in a market where it competes with other entities for market share and profits by offering the best possible mix of price and quality.

Profit Maximizing

The process or strategy undertaken by businesses to achieve the highest possible profit, often entailing decisions on pricing, production, and cost management.