Question: 1-16. Using the data in the Excel file, calculate a confidence interval about the mean for the following variables: Accounts payable processing time Accounts receivable
1-16. Using the data in the Excel file, calculate a confidence interval about the mean for the following variables:
Accounts payable processing time Accounts receivable processing time Payroll processing time Monthly reconciliation processing time 1-17. Perform a hypothesis test to test whether the processing time for the first 12 payroll cycles is significantly different from the last 12 payroll cycles. Clearly identify your hypothesis. 1-18. Calculate the DPMO and related sigma level for the process, assuming a 1.5 sigma shift, for the following data: Opportunities for failure: Timesheet erroneous data, Pay rate error, Payroll processing error Defects: Number of payroll defects per batch: 5 Units: Number of paychecks per batch: 100 1-19. Calculate the process capability for the accounts payable processing time with the following specifications (15 points): Lower specification limit: two hours Upper specification limit: four hours
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