Instruction 18-14
Recently,a University Switched to a New Type of Computer-Based

question 69

Short Answer

Instruction 18-14
Recently,a university switched to a new type of computer-based registration.The registrar is concerned with the amount of time students are spending on the computer registering under the new system.She decides to randomly select eight students on each of the 12 days of the registration and determine the time each spends on the computer registering.The range,mean,and standard deviation of the times required to register are in the table that follows.
$\begin{array}{rrrr} \text { Day }& \text { Range}& \text { Mean }& \text { Std.Dev.}\\\hline1 & 10 & 5.250 & 3.4949 \\2 & 31 & 15.250 & 10.3060 \\3 & 13 & 20.375 & 4.9262 \\4 & 21 & 22875 & 8.3911 \\5 & 35 & 8.500 & 11.3767 \\6 & 18 & 7.875 & 6.9372 \\7 & 25 & 11.250 & 8.5815 \\8 & 30 & 7.875 & 9.5235 \\9 & 17 & 10.250 & 6.3640 \\10 & 22 & 9.500 & 7.8740 \\11 & 27 & 7.875 & 8.7086 \\12 & 26 & 12875 & 9.3723\end{array}$
-Referring to Instruction 18-14,an R chart is to be constructed for the time required to register.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:

Return on Investment

A measure used to evaluate the efficiency of an investment, calculated as net profit divided by the cost of the investment.

Markup

The increment added to the acquisition cost of products to address company overheads and earn profit.

Absorption Costing

An accounting method where all manufacturing costs, including both variable and fixed, are absorbed by the products.

Cost-plus Pricing

A pricing strategy where a fixed percentage or specified amount is added to the production cost to determine the sell price of a product or service.