Draw and label a scatter diagram depicting the data

Assignment Help Operation Management
Reference no: EM131953183

A Six Sigma analyst in Lakerside United Bank suspected that errors in counting and manually strapping cash into bundles were related to the number of weeks that employees had been employed on that job. The data available in the worksheet below were gathered from the process.

1. Draw and label a scatter diagram depicting the data. What, if anything, do you learn from the scatter diagram?

2. Does the scatter diagram confirm or refute your suspicions about errors being related to the number of weeks employed? Explain.

3. What might explain the difference in error rates before and after week 26? How would you go about trying to better understand the cause of this difference? What additional tools would you use to further understand the problem and identify solutions? Explain why you select those tools.

2166_Bank Cash.jpg

Reference no: EM131953183

Questions Cloud

What is the portfolio standard deviation : Calculating A Two Security Portfolio Standard Deviation An investor puts 85% of their money in Stock 1 and the rest in Stock 2.
Write down everything that you have eaten : For your assignment you need to write down everything that you have eaten (including serving size) for three separate days.
Why is it difficult to define quality : Why is it difficult to define quality?Describe briefly the Six Sigma Process. What is meant by the cost of quality?
How emergence of new powers shaping poverty reduction agenda : Need an essay on the - How is the emergence of new powers like Brazil, India and China shaping the international poverty reduction agenda
Draw and label a scatter diagram depicting the data : Draw and label a scatter diagram depicting the data. What, if anything, do you learn from the scatter diagram?
How much would he need to set up the prizes today : When Alfred Nobel died, he left the majority of his estate to fund five prizes, How much would he need to set up the prizes today?
What annual rate of interest must you earn : Calculating Rates of Return. Assume the total cost of a college education will be dollar 295,000 when your child enters college in 18 years.
One advantage of the shareholder model of governance : One advantage of the shareholder model of governance is. What is the present value interest factor and how can it be used to simplify PV calculations?
Compute the prices and yields to maturity of coupon bonds : Compute the prices and the yields to maturity of these coupon bonds.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd