Use the Given Process Data to Construct a Control Chart

question 8

Essay

Use the given process data to construct a control chart for p
-A machine is supposed to fill cans that contain 12 oz. Each hour, a sample of four cans is tested; the results of 15 consecutive hours are given below. $\begin{array}{c|cccc|c|c}\mathrm{S} & & \mathrm{A} &&& \mathrm{M} & \mathrm{R} \\\hline 1 & 11.2 & 11.7 & 11.8 & 11 .7 & 11.6 & 0.6 \\2 & 11.8 & 11.3 & 11.6 & 11 . 6& 1.575 & 0.5 \\3 & 11.3 & 12.0 & 11.8 & 11.7 & 11.7 & 0.7 \\4 & 12.1 & 11.6 & 12.1 & 12.0&11 .95 & 0.5 \\5 & 11.8 & 11.8 & 11.9 & 11.9&11 .85 & 0.1\\6 & 12.0 & 11.9 & 11.8 & 11.7&11 .85&0 .3 \\7 & 11.6 & 12.0 & 11.9 & 11.8&1 .825&0 .4 \\8 & 11.5 & 12.1 & 11.9 & 12.0&11 .875&0 .6\\9 & 12.1 & 12.1 & 11.7 & 11.9&11 .95&0 .4 \\10 & 11.7 & 12.0 & 11.6 & 11.9 & 11.8 & 0.4 \\11 & 12.1 & 12.4 & 11.9 & 12.2&12 .15&0 .5\\12 & 12.5 & 12.0 & 12.4 & 12 .3& 12.3 & 0.5 \\13 & 12.5 & 12.0 & 12.1 & 12.1 & 12.175 & 0.5 \\14 & 12.4 & 12.0 & 12.0 & 12 . 4& 12.2 & 0.4 \\15 & 12.4 & 12.4 & 12.6 & 12 .1 & 12.375 & 0.5\\\end{array}$

Understand the effects of journal entries on the financial statements concerning bond transactions.

Comprehend the relationship between bond issue prices, coupon rates, and market interest rates.

Calculate the book value of bond liability using the effective interest method of amortization.

Evaluate the effects of incorrect statements about financial statement impacts due to bond transactions.

---

Definitions:

Building Teams

The process of creating and organizing a group of people to work together effectively towards a common goal.

Daily Work Activities

The routine tasks and duties performed as part of one's job or occupation on a day-to-day basis.

Openness

Willingness to consider new ideas, experiences, and suggestions; one of the Big Five personality traits.

Curious

Having a strong desire to learn or know something.