SCENARIO 19-9 The Manufacturer of Canned Food Constructed Control Charts and Analyzed

question 95

Short Answer

SCENARIO 19-9
The manufacturer of canned food constructed control charts and analyzed several quality characteristics.One characteristic of interest is the weight of the filled cans.The lower specification limit for weight is 2.95 pounds.The table below provides the range and mean of the weights of five cans tested every fifteen minutes during a day's production.

-Referring to Scenario 19-9,estimate the percentage of the cans whose weight is inside the specification limit.

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Definitions:

Payments

The transfer of money or goods from one person or entity to another, often in exchange for services or products.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage.

Investment

The purchase of goods, stocks, or other assets in the hope of generating a financial return.

Compounded Quarterly

Compounded quarterly refers to the calculation and addition of interest to the principal sum of an investment or loan on a quarterly basis, accelerating the growth of the investment's value.