TABLE 14-9 The Manufacturer of Canned Food Constructed Control Charts and Analyzed

question 65

Short Answer

TABLE 14-9
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.

-Referring to Table 14-9, an R chart is to be constructed for the weight. One way to create the lower control limit involves multiplying the mean of the sample ranges by D₃. For this data set, the value of D₃ is ________.

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Definitions:

Rate of Return

The upward or downward movement in the value of an investment across a chosen timeframe, expressed as a percentage of the investment's initial investment.

Margin

Describes securities purchased with money borrowed from a broker. Current maximum allowed margin on stock purchases is 50%.

Sell the Stock

An action where an investor disposes of their ownership in a corporation through the sale of its shares.

Maintenance Margin

The minimum equity amount that must be maintained in a margin account after a purchase has been made, to cover the risk of the investment.