Question: Consider the loan processing cycle time data in Exercise 8.15. Set up a CUSUM chart for monitoring this process. Does the process seem to be

Consider the loan processing cycle time data in Exercise 8.15. Set up a CUSUM chart for monitoring this process. Does the process seem to be in statistical control?
Consider the loan processing cycle time data in Exercise 8.15.

x p50 18.05; p84 20.53; p84 p50 20.5318.0524.8

From 8.15: TABLE 8E.3 Cycle Time Data for Exercise 8.15 163 163 19.35 222 19.1 18.5 18.3 18.7 20.2 22.0 14.7 18.0 18.9 19.1 10.6 181 19.6 20.8 165 193 14.6 178 15.6 22.5 176 17.2 20.9 14.8 18.2 16.4 18.2 194 14.1 16.4 19.6 17.5 17.1 21.7 20.8

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