The upper and lower control limits of the mean of a process are 66 and 54 . Samples of size 16 are used for the inspection process. Determine the mean and the standard deviation for this process
Mean = 60
Standard deviation = 8
You might also like to view...
Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash. b. Accounting recognizes two types of leases—operating and capital leases. c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet. d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
Seattle Corporation identifies an investment opportunity that will yield end of year cash flows of $30,000 in both Year 1 and Year 2, $35,000 in both Year 3 and Year 4, and $40,000 in Year 5. The investment will cost the firm $100,000 today, and the firm's required rate of return is 10 percent. What is the net present value (NPV) for this investment?
A. $23,653.26 B. $27,104.46 C. $44,226.00 D. $70,000.00 E. $35,768.45
Gleason Research regularly takes real options into account when evaluating its proposed projects. Specifically, it considers the option to abandon a project whenever it turns out to be unsuccessful (the abandonment option), and it evaluates whether it is better to invest in a project today or to wait and collect more information (the investment timing option). Assume the proposed projects can be abandoned at any time without penalty. Which of the following statements is CORRECT?
A. The abandonment option tends to reduce a project's NPV. B. The abandonment option tends to reduce a project's risk. C. If there are important first-mover advantages, this tends to increase the value of waiting a year to collect more information before proceeding with a proposed project. D. A project can either have an abandonment option or an investment timing option, but never both. E. Investment timing options always increase the value of a project.
Overall, directors get paid very little for the amount of work they perform.
Answer the following statement true (T) or false (F)