Refer to Problem 17.22 on page 736 concerning waiting time for customers at a bank (data stored
Question:
a. Estimate the percentage of the waiting times that are inside the specification limits. Is the process capable of meeting the company policy?
b. If management implemented a new policy, stating that 99.7% of all waiting times are required to be within specifications, is this process capable of reaching that goal? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
Question Posted: