Prepare a pareto analysis of the data

Assignment Help Operation Management
Reference no: EM131013545

This assignment consists of 4 questions.

1. Pareto Chart - A large number of successful entrepreneurs across Canada and the United States with companies that experienced 150% growth on average for each of the first five years of operation were polled. The entrepreneurs were asked which one single attribute they felt had the greatest impact on their success. The chart below is a record of their responses.

Success Factor

Number of Occurrences

Experience

18

Education

22

IQ Score

25

EQ Score

38

Presentation Skills

41

Creativity

45

Leadership

50

a) Prepare a Pareto analysis of the data collected from the entrepreneurs?

b) What does this analysis reveal about the responses from the entrepreneurs?

2. Control Limits - HVN Nursery sells "U-Fill" topsoil where patrons fill their own bags of soil and pay by the bag. The nursery wishes to find out the upper and lower control limits for the averages of this self-serve process. The nursery had their summer college students take numerous samples, with each sample containing 9 bags, and weigh them. The average weight was 22 kg. The average range was .37kg. What are the upper and lower control limits for the x bar chart and R chart?

3. Process Control - A new coin machine printing nickels is being tested by the Mint. Ten samples, with each using 10 nickles, are weighed. Each nickle should weigh 5 g and each sample should weigh 50g. The data collected is shown in the chart below:

Sample

Sample Mean (g)

Range (g)

1

49.998

0.017

2

50.001

0.011

3

50.025

0.025

4

50.121

0.005

5

50.012

0.001

6

49.953

0.004

7

49.999

0.007

8

50.002

0.022

9

50.007

0.001

10

49.099

0.014

a) Determine the upper and lower control limits and the overall mean for the x bar chart and the R chart.

b) Draw the charts and plot the values of the sample means and range.

c) Does the data indicate that the mint should invest in this new machine? Explain.

4. Specification Limits - Ecril Technologies makes car parts using vacuum formed molds. The President wants the process of creating molds to be reviewed to determine if the life span of the molds, or the rate they have to replace molds, is acceptable. Each mold produces on average 1,459 acceptable parts with a standard deviation of 81. The lower and upper control limits are 1,297 and 1,945 parts respectively. Calculate the Cp and Cpk to determine if the mold making process is capable of producing sufficient parts to specification? Explain your response.

Reference no: EM131013545

Questions Cloud

How does divorce affect sibling relationships : How does divorce affect sibling relationships and communication
Choose and identify one of the sociology-related careers : Choose and identify one of the sociology-related careers-----(SOCIAL SERVICES). If you know your career-path is different than these options, you can choose it instead
How a theory fits into the category of theories of nursing : Examine the scope of borrowed theories and their application to the nursing profession. Distinguish between the categories commonly used to organize nursing theories.
Solve the two-d wave equation of a rectangular vibrating : Solve the 2D wave equation of a rectangular vibrating membrane ∂2u/∂t2 = c2 (∂2u/∂x2 + ∂2u/∂y2), 0
Prepare a pareto analysis of the data : Pareto Chart - A large number of successful entrepreneurs across Canada and the United States with companies that experienced 150% growth on average for each of the first five years of operation were polled. Prepare a Pareto analysis of the data c..
The preferred stock is selling : Andrews Company has $80,000 available to pay dividends. It has 2,000 shares of 10%, $100 par, preferred stock and 30,000 shares of $10 par common stock outstanding.
Concept of adding an additional budget to zero based budget : Discuss the concept of adding an additional 15-20% to a zero based budget to cover unexpected difficulties.
Most important metrics for operations managers : Prompt: Develop a listing of what you believe are the most important metrics for operations managers. (Hint: Be sure to consider the triple bottom line.) How does each metric support the overall financial performance of the organization
Find the vector projection of v : We know that the space R2 is two-dimensional. Consider a vector v = (-3, 4). Find the vector projection of v onto a and b respectively, denote them by projav, and projbv.

Reviews

Write a Review

Operation Management Questions & Answers

  Useful for decision making in a supply chain

In no less than 150 AND no more than 300 words (single-spaced), explain the characteristics information must have to be useful for decision making in a supply chain.

  What is the difference between lead time and lag time

Remember that once you start linking tasks in the Gantt chart, changes might become more cumbersome.

  Illustrate what are its chief elements

Illustrate what are its chief elements also characteristics of Wal-Mart culture. Why does culture seem to be so much stronger in Bentonville than out in stores.

  Calculate breakeven point using subsequent information

Determine elucidate how you would use these figures to monitor productivity over time. Calculate breakeven point using subsequent information.

  New machine that will reduce manufacturing costs

Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. Mars will use the MACRS accelerated method to depreciate the machine

  Determine the amount of reduction in cross sectional

K=35,000lb/in^2 and n=0.40 for a metal used in a forming operation in which the workpart is reduced in cross-sectional area by stretching.

  Explain reason for search online purchase offline behavior

What is price information asymmetry? Explain the reason for search online purchase offline behavior. How do search sites drive consumers to retailers? What are the benefits of barter? Who determines whether a price is fair? Why is price often a light..

  Emphasis on financial incentives is good or bad

As discussed in this chapter, firms vary widely on the extent to which they emphasize money as an incentive. Do you think an emphasis on financial incentives is good or bad? Explain.

  Which one of the five generic competitive strategies

Which one of the 5 generic competitive strategies is most likely to be best suited for an industry whose product is a commodity

  Explain the artifacts you find or recall that state the

select an organization that is fairly well known to most people. based on information obtained at the organizations web

  Organizational restructuring is common as organizations

organizational restructuring is common as organizations attempt to achieve higher levels of performance. provide

  Choose the strategy or tactic the corporation

Give your opinion on Apple, Inc. greatest strengths and most significant weaknesses. Choose the strategy or tactic the corporation (Apple, Inc.) should select to take maximum advantage of its strengths, and the strategy or tactic the corporation shou..

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