1.

Loan Processing times are being monitored at a local company. Samples of six observations each have been taken, and the results are listed. Using Factors from Table 10.3, determine lower and upper control limits for a a mean chart

Sample Number

1 2 3 4 5

45 40 41 38 45

37 48 49 45 40

43 40 40 49 45

45 34 35 37 50

51 51 49 34 47

48 49 46 31 43

Question 3 options:

	35.428 , 50.904
	34.698 , 51.634
	36.158 , 50.174
	26.23 , 60.102
	None of the Above

2.

Loan Processing times are being monitored at a local company. Samples of ten observations each have been taken, and the results are listed. Using Factors from Table 10.2, determine lower and upper control limits for a a Range chart Sample Number

1 2 3

44 48 56

55 50 38

51 48 48

41 49 47

41 50 60

45 50 41

56 42 44

49 53 42

36 47 56

42 68 51

Question 4 options:

	2.493 , 49.3
	0 , 58.253
	4.986 , 40.346
	34.46 , 62.072
	None of the Above