SCENARIO 2-19-A
You Are the Quality Control Manager of a Water

question 111

Essay

SCENARIO 2-19-A
You are the quality control manager of a water bottles company. One of the biggest complaints in the
past years has been the breakage and, hence, the concern on the durability of the connector between
the lid and the bottle which many users use as a handle for the bottles. To collect evidence before
implementing any modification to the production process, your department has subjected 50 water
bottles to a durability test and the following data on the number of times the handles have been used
to lift the bottles before they break are contained in the file Scenario2-19-DataA.XLSX. $$\begin{array} { l l l l l l l l l l } 495 & 499 & 502 & 500 & 491 & 498 & 498 & 495 & 488 & 516 \\513 & 486 & 504 & 503 & 493 & 504 & 489 & 500 & 495 & 499 \\501 & 507 & 511 & 496 & 486 & 497 & 510 & 504 & 493 & 482 \\511 & 502 & 520 & 514 & 486 & 514 & 500 & 505 & 512 & 500 \\504 & 498 & 503 & 514 & 474 & 489 & 488 & 506 & 517 & 490\end{array}$$
-Referring to Scenario 2-19-A, construct a cumulative percentage distribution if the
corresponding frequency distribution uses "473 but less than 480" as the first class.

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Definitions:

Market Price

The present value at which a service or asset is available for purchase or sale in the marketplace.

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value. It's a nominal value used for accounting purposes.

Anticipated Future Earnings

Projected profits or income that a company expects to earn in future periods, often used in valuations.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders a share in the company's profits and voting rights.