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A Retail Store Manager Is Trying to Improve and Control

Question 91

Essay

A retail store manager is trying to improve and control the rate at which cashiers sign customers up for store credit cards.The manager takes several samples of size 50.He finds that each sample of 50 contained 5 credit card signups on average.Find p-bar and 99.73% control limits.

Correct Answer:

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P-bar = 5/50 = .1 or 10%.Sigma-p = sqrt(...

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