Ask Question
BusinessBusiness
4 April, 02:45

A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be:

+5
Answers (1)
  1. 4 April, 03:47
    0
    X-bar chart

    Explanation:

    In industrial statistics, the X-bar chart is a type of Shewhart control chart that is used to monitor the arithmetic means of successive samples of constant size, n. The X-bar chart shows how the mean or average changes over time. For example, one might take a sample of 5 shafts from production every hour, measure the diameter of each, and then plot, for each sample, the average of the five diameter values on the chart. For the purposes of control limit calculation, the sample means are assumed to be normally distributed, an assumption justified by the Central Limit Theorem.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be: ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Steve's stock portfolio makes a five percent gain and he sells a portion of his holdings. Under which heading on the chart would this go? Who else benefits from Steve's gain?
Answers (1)
John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. a.
Answers (1)
An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimates, the value of Mandalays Inc.'s stock should be $78.54 per share, but Mandalays Inc.'s stock is trading at $99.
Answers (1)
Efficiency in a market occurs when the production of the good is such that the marginal cost stops increasing. marginal benefit equals marginal cost. marginal benefit exceeds marginal cost by the maximum amount possible.
Answers (1)
Pearsall Company's defined benefit pension plan had a PBO of $271,000 on January 1, 2021. During 2021, pension benefits paid were $46,000. The discount rate for the plan for this year was 8%. Service cost for 2021 was $88,000.
Answers (1)
New Questions in Business
Assume there is a decrease in the market demand for a good sold by price-taking firms that are initially producing the profit-maximizing level of output. For the individual firm, this would result in:
Answers (1)
A company uses the periodic inventory system and had the following activity during the current monthly period.
Answers (1)
Recently, Pfizer and Allergan - the makers of Viagra and Botox, respectively - initiated a $160 billion merger. Pharmaceutical companies tend to spend a greater percentage of sales on R&D activities than other industries.
Answers (1)
Concord Furniture factors $893000 of receivables to Pharoah, Inc. Pharoah assesses a 3% service charge on the amount of receivables sold. Concord Furniture factors its receivables regularly with Pharoah.
Answers (1)
Consider income data for three fictional nations. In Smithland, the top half of earners make $100,000 per year, while the bottom half make $20,000. Hayektopia's bottom half also make $20,000 per year, while its top half make $200,000.
Answers (1)
Home » Business » A company is interested in monitoring the average time it takes to serve its customers. An appropriate control chart would be:
Sign Up Forgot Password?