A Machine That Is Supposed to Produce Ball Bearings with a Diameter

question 38

Essay

A machine that is supposed to produce ball bearings with a diameter of 7 mm yields the following data from a test of 5 ball bearings every 20 minutes. $\begin{array}{l|lllll|l|l}S&&&A&&&M&R\\\hline1 & 6.3 & 6.8 & 6.9 & 6.8 & 6.9&6 .74 & 0.6 \\2 & 6.3 & 6.6 & 6.6 & 6.3 & 7.0&6 .56 & 0.7 \\3 & 6.8 & 6.7 & 7.0 & 6.5 & 7.0 & 6.8 & 0.5 \\4 & 7.0 & 6.7 & 6.7 & 6.8 & 6.8 & 6.8 & 0.3\\5 & 6.8 & 6.8 & 6.6 & 6.5 & 6.4&6 .62 & 0.4 \\6 & 6.8 & 6.7 & 6.6 & 6.3 & 6.9&6 .66 & 0.6 \\7 & 7.3 & 7.3 & 7.4 & 7.4 & 7.0&7 .28 & 0.4 \\8 & 7.2 & 7.0 & 7.2 & 6.9 & 7.1&7 .08&0 .3\\9 & 7.3 & 7.6 & 7.1 & 7.4 & 7.6 & 7.4 & 0.5 \\10 & 7.2 & 7.6 & 7.5 & 7.6 & 7.1 & 7.4 & 0.5 \\11 & 7.2 & 7.2 & 7.4 & 7.0 & 7.0&7 .16 & 0.4 \\12 & 7.5 & 7.4 & 7.4 & 7.6 & 7.1 & 7.4 & 0.5\\\end{array}$

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Definitions:

Financing Activities

Transactions that involve raising capital and repaying investors, affecting the equity and liabilities on the company's balance sheet.

Private Corporations

Companies that are owned by a small group of individuals and do not offer their shares of stock to the general public.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada.

Mortgage Payable

A liability representing money owed on a long-term loan used to purchase property, typically secured by the property itself.