Metric for how well the process is functioning

Assignment Help Basic Statistics
Reference no: EM13100174

Identify and briefly describe an important process in your workplace, including selection of one key quantitative variable, that you (and others in your organization) consider an important metric for how well the process is functioning. Based on your experience, and that of fellow workers, do you believe the variable you have selected is in statistical control? Why or why not, and, if it is not in statistical control, what kinds of things can be done to bring it under control?

Reference no: EM13100174

Questions Cloud

What effect did the acid have on the enzyme : Design an experiment in which you will test the effect of an acidic fluid on enzymatic activity. (Recall: enzymes are proteins.) To complete this project.
Car rental insurance-risk analysis : Suppose that a car rental agency offers insurance for a week that will cost $10 per day. A minor fender bender will cost $1,200 while a major accident might cost 10,000.
Customer relationship management : STUPID Inc. is an acronym for Strategic Topical Use of Pancron for Individual Dosage Incorporated. The company makes the drug Pancron for individual use in treating Urinary Dysfunction Disease - in direct opposition to FDA recommendations.
Application of normal distribution in real life : Briefly discuss probability distributions. What is a normal distribution? Please provide a written example of how 'understanding distribution' can be an asset for any business project.
Metric for how well the process is functioning : Identify and briefly describe an important process in your workplace, including selection of one key quantitative variable, that you (and others in your organization) consider an important metric for how well the process is functioning.
Binomial random probability : Consider the following two binomial experiments. In a binomial experiment consisting of six trials, how many outcomes have exactly one success and what are these outcomes?
Genophore is a term coined by hans ris to denote : Genophore is a term coined by Hans Ris to denote.
Upper and lower control limits for a p-chart : If 30 Samples of 100 items are tested for nonconformity, and 95 of the 3000 items are defective, find the upper and lower control limits for a p chart.
Described the mechanism used by prions : What are prions made of? Described the mechanism used by prions that results in amplification of prion molecules.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability that driver to use seat belt just on trip

Why might driver be tempted not to use seat belt "just on this trip"?

  Statements regarding the coefficient of correlation is true

Which of the following statements regarding the coefficient of correlation is true. A value of 0.00 indicates two variables are not related.

  Performung a one or two-tail test

Compose a 350 to 700-word summary report of your findings to the researcher and owner of the restaurant in which you Identify evidence, if any, of the researcher's claim. Perform a one- or two-tail test on the data provided,

  Soft drinks a vending machine automatically pours

Soft Drinks a vending machine automatically pours soft drinks into cups. As the amount of soft drink dispensed into a cup is normally distributed

  Multiple choice questions for poisson distribution

The average number of typos on one page of a manuscript is 8. What is the probability that 4 to 6 type appear on 2 pages of the manuscript? Imagine Poisson distribution.

  Making frequency distribution

The caffeine content of 20 brands of regular coffee is shown below. 80 82 89 85 87 30 33 44 40 46 50 55 60 62 71 90 92 75 63 65. Thus, this job helps to construct a Frequency Distribution with a class interval of 10, starting with 30.

  Test for goodness-of-fit

When such digits are randomly generated, what is the distribution of those digits? Given such randomly generated digits, what is a test for "goodness-of-fit"?

  Determining the variance of firm-s profit

Determine the variance of firm's profit for the month.

  Estimating he population mean life of the light bulbs

Construct a 95% confidence interval estimate of the population mean life of the light bulbs.

  Range of values for a coefficient of correlation

Illustrate is the range of values for a coefficient of correlation. Illustrate degree of relationship do values of the correlation coefficient (r)with magnitudes close to 1.00 indicate.

  Percentage of households that have a credit card debt

Determine the percentage of households that have a credit card debt of more than $13,000.

  Computing bivariate correlation coefficient

True or False? Bivariate correlation coefficient always has same sign as b 1 in Y = b 0 + b 1 X.

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