SCENARIO 15-6
the Maker of a Packaged Candy Wants to Evaluate

question 119

Short Answer

SCENARIO 15-6
The maker of a packaged candy wants to evaluate the quality of her production process.On each of
16 consecutive days, she samples 600 bags of candy and determines the number in each day's sample that she considers to be of poor quality.The data that she developed follow. $$\begin{array} { r c c } \underline{\text { Day} } & \begin{array} { c } \text { Number } \\\underline{\text { Poor }}\end{array} & \begin{array} { c } \text { Proportion } \\\underline{\text { Poor }}\end{array} \\1 & 33 & 0.0550000 \\2 & 29 & 0.0483333 \\3 & 31 & 0.0516667 \\4 & 32 & 0.0533333 \\5 & 43 & 0.0716667 \\6 & 45 & 0.0750000 \\7 & 46 & 0.0766667 \\8 & 48 & 0.0800000 \\9 & 48 & 0.0800000 \\10 & 46 & 0.0766667 \\11 & 28 & 0.0466667 \\12 & 32 & 0.0533333 \\13 & 28 & 0.0466667 \\14 & 32 & 0.0533333 \\15 & 31 & 0.0516667 \\16 & 24 & 0.0400000\end{array}$$
-Referring to SCENARIO 15-6, a p control chart is to be constructed for these data.The estimate of the standard error of the sample proportion is _.

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Definitions:

Turnover

The total revenues or sales achieved by a company in a specified period, or the rate at which inventory is sold and replaced.

Average Operating Assets

A metric calculated as the average value of the assets involved in generating operating income over a specific period.

Net Operating Income

A measure of a company's profitability from its regular business operations, excluding deductions of interest and taxes.

Gross Margin

The difference between revenue and cost of goods sold, used to cover other expenses and profits.