Determine the process capability index

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1. A job had an observed time of 10.2 minutes, a performance rating of 0.78 of the observed time, and an allowance factor of 10 percent of job time. Twenty-five cycles were timed. Standard time for the job in minutes is: (Keep two decimal places in your answer)

2. Measurements were taken regarding the quality of the process to make a finer quality of sheets; here is the data: Mean 328.8 Standard Dev 6.3 Lower Spec 313.4 Upper Spec 344.2 Determine the process' capability index. (Keep four decimal places in your answer)

3. The most important inventory item has annual holding costs of $470.00. One method of shipping this item is 5 days faster than the other, but it is $1.72 more per unit. How much more expensive is the slower method compared to the faster method? (Include the pennies in your answer)

Reference no: EM132262726

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