TABLE 17-9
the Manufacturer of Canned Food Constructed Control Charts

question 70

Short Answer

TABLE 17-9
The manufacturer of canned food constructed control charts and analyzed several quality characteristics. One characteristic of interest is the weight of the filled cans. The lower specification limit for weight is 2.95 pounds. The table below provides the range and mean of the weights of five cans tested every fifteen minutes during a day's production.
$\begin{array}{|r|r|r|r|r|r|}\hline Number&XBar&Rang&Number&XBar&Range\\\hline 1 & 3.05072 & 0.0215 & 1 & 3.04646 & 0.073 \\\hline 3 & 3.01228 & 0.087 & 17 & 3.03868 & 0.0696 \\\hline 3 & 3.03558 & 0.0851 & 19 & 3.03338 & 0.0329 \\\hline 4 & 3.01014 & 0.0674 & 19 & 3.03322 & 0.0455 \\\hline 5 & 3.00858 & 0.0983 & 29 & 3.05078 & 0.0215 \\\hline 9 & 3.02704 & 0.0527 & 21 & 3.04808 & 0.0396 \\\hline 7 & 3.04268 & 0.0508 & 23 & 3.05348 & 0.0581 \\\hline 9 & 3.01052 & 0.0791 & 23 & 3.05516 & 0.0682 \\\hline 9 & 3.03464 & 0.0663 & 24 & 3.03426 & 0.0325 \\\hline 19 & 3.02034 & 0.0538 & 25 & 3.0516 & 0.064 \\\hline 11 & 3.03764 & 0.0584 & 29 & 3.05562 & 0.0809 \\\hline 12 & 3.0409 & 0.0434 & 27 & 3.04402 & 0.0374 \\\hline 13 & 3.0519 & 0.0762 & 29 & 3.06458 & 0.0284 \\\hline 14 & 3.03994 & 0.0833 & 29 & 3.0544 & 0.0738\\\hline15 & 3.03788 & 0.0601\\\hline\end{array}$
-Referring to Table 17-9, an $\bar { X }$ chart is to be used for the weight. The center line of this chart is located at ________.

Understand the process and financial implications of stock conversions in corporate finance.

Recognize the accounting treatment for the conversion of preferred stock into common stock.

Identify how to calculate the shares issued during a stock conversion.

Analyze the impact of stock conversions on a company's balance sheet.

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Definitions:

Nitrogen Fixation

The process by which nitrogen gas from the atmosphere is converted into ammonia by certain bacteria, making nitrogen available to living organisms.

Denitrification

A microbial process occurring mostly in soil and aquatic environments, where nitrate is reduced and ultimately produces molecular nitrogen, removing it from the ecosystem.

Hydrologic Cycle

The water cycle, which includes evaporation, precipitation, and flow to the ocean; supplies terrestrial organisms with a continual supply of fresh water.

Nitrification

The conversion of ammonia (NH3) to nitrate (NO3-) by certain bacteria (nitrifying bacteria) in the soil; part of the nitrogen cycle.