Instruction 18-5
the Maker of a Packaged Candy Wants to Evaluate

question 86

Essay

Instruction 18-5
The maker of a packaged candy wants to evaluate the quality of her production process. On each of 16 consecutive days, she samples 600 bags of candy and determines the number in each day's sample that she considers to be of poor quality. The data that she developed follow.
$$\begin{array} { | l | l | l | } \hline \text { Day } & \begin{array} { l } \text { Number } \\\text { Poor }\end{array} & \begin{array} { l } \text { Proportion } \\\text { Poor }\end{array} \\\hline 1 & 33 & 0.0550000 \\\hline 2 & 29 & 0.0483333 \\\hline 3 & 31 & 0.0516667 \\\hline 4 & 32 & 0.0533333 \\\hline 5 & 43 & 0.0716667 \\\hline 6 & 45 & 0.0750000 \\\hline 7 & 46 & 0.0766667 \\\hline 8 & 48 & 0.0800000 \\\hline 9 & 48 & 0.0800000 \\\hline 10 & 46 & 0.0766667 \\\hline 11 & 28 & 0.0466667 \\\hline 12 & 32 & 0.0533333 \\\hline 13 & 28 & 0.0466667 \\\hline 14 & 32 & 0.0533333 \\\hline 15 & 31 & 0.0516667 \\\hline 16 & 24 & 0.0400000 \\\hline\end{array}$$
-Referring to Instruction 18-5,construct a p control chart for these data.

Comprehend the ethical considerations in management and the impact of ethical leadership.

Identify opportunities arising from sociocultural trends for small businesses.

Understand the importance of a mission statement and strategic objectives in guiding organizational actions.

Grasp the various aspects and tools of strategic planning, including SWOT analysis.

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Definitions:

Radios

Radios are devices that receive and transmit signals using radio waves to enable wireless communication over distances.

Opportunity Cost

The value of the next best alternative that must be forgone as a result of choosing one option over another.

Cookie

A small, sweet baked treat, often containing flour, sugar, and oil or fat, and possibly containing chocolate chips, nuts, or other ingredients.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than any competitor.