The Robin Hood Bank has noticed a decline in daily deposits. The average daily deposit has...
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The Robin Hood Bank has noticed a decline in daily deposits. The average daily deposit has been running at $109 million with an average range of $15 million over the past year. The deposits for the past six days have been 110, 102, 96, 87, 115, and 106 million. a. What are the CL, UCL, and LCL for the and R charts based on a sample size of six days? (Round average to 3 decimal places.) Center Line (CL) Upper Control Limit (UCL) Lower Control Limit (LCL) x-bar Chart R Chart b. Compute an average and range for the sample that consists of the past six days. Do the figures for the past six days suggest a change in the average or range from the past year? (Round average to 2 decimal places.) Average Range O Both the average and range are in control O Both the average and the range are out of control O The average is out of control and the range is in control O The average is in control and the range is out of control The Robin Hood Bank has noticed a decline in daily deposits. The average daily deposit has been running at $109 million with an average range of $15 million over the past year. The deposits for the past six days have been 110, 102, 96, 87, 115, and 106 million. a. What are the CL, UCL, and LCL for the and R charts based on a sample size of six days? (Round average to 3 decimal places.) Center Line (CL) Upper Control Limit (UCL) Lower Control Limit (LCL) x-bar Chart R Chart b. Compute an average and range for the sample that consists of the past six days. Do the figures for the past six days suggest a change in the average or range from the past year? (Round average to 2 decimal places.) Average Range O Both the average and range are in control O Both the average and the range are out of control O The average is out of control and the range is in control O The average is in control and the range is out of control
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