Use the Given Process Data to Construct a Control Chart $$\begin{array} { l l l l l l l l l l l l } 4 & 7 & 5 & 6 & 8 & 3 & 12 & 4 & 4 & 5 & 6 & 2\end{array}$$

question 14

Essay

Use the given process data to construct a control chart for p. A manufacturer monitors the level of defects in the television sets that it produces. Each week, 200 television sets are randomly
selected and tested and the number of defects is recorded. The results for 12 consecutive weeks
are shown below. $$\begin{array} { l l l l l l l l l l l l } 4 & 7 & 5 & 6 & 8 & 3 & 12 & 4 & 4 & 5 & 6 & 2\end{array}$$

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Definitions:

Compounded Monthly

Interest calculation method where interest is added to the principal balance monthly, leading to interest on interest.

Monthly Payments

Regular payments made each month on a loan, mortgage, or other financial agreement.

Amortization Schedule

A table detailing each periodic payment on a loan over time, breaking down the amounts going towards principal and interest.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.