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Question No 1

The document provides data from a manufacturing company that produces slip ring bearings. It includes observations of the diameters of 5 slip ring bearings taken over 10 samples. It asks to prepare an R chart and X bar chart from the data. It also provides data on research expenditures and profits for a firm over 7 years. It asks to estimate the profit when research expenditure is 6 units based on the relationship between expenditure and profit shown in the data.

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0% found this document useful (1 vote)
730 views1 page

Question No 1

The document provides data from a manufacturing company that produces slip ring bearings. It includes observations of the diameters of 5 slip ring bearings taken over 10 samples. It asks to prepare an R chart and X bar chart from the data. It also provides data on research expenditures and profits for a firm over 7 years. It asks to estimate the profit when research expenditure is 6 units based on the relationship between expenditure and profit shown in the data.

Uploaded by

pammy313
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Question no 1

PART A The goliath Tool Company produces slip ring bearings which look like washers. They fit around shaft such as drive shafts in machinery or motors. In the production process for a particular slip ring bearing the employees have taken 10 samples (during a 10 day period) of 5 slip ring bearings. The individual observations are shown below. Prepare the R chart and X bar chart. Observation (slip ring diameters cm) 1 2 3 4 5 5.02 5.01 4.94 4.99 4.96 5.01 5.03 5.07 4.95 4.96 4.99 5 4.93 4.92 4.99 5.03 4.91 5.01 4.98 4.89 4.95 4.92 5.03 5.05 5.01 4.97 5.06 5.06 4.96 5.03 5.05 5.01 5.1 4.96 4.99 5.09 5.1 5 4.99 5.08 5.14 5.1 4.99 5.08 5.09 5.01 4.98 5.08 5.07 4.99

Sample No 1 2 3 4 5 6 7 8 9 10

PART B A firm believes that its annual profit depends on its expenditure for research .The information for the preceding six years is given below. Estimate the profit when the expenditure is 6 units.

Year 1 2 3 4 5 6 7

Expenditure for Research(X) 2 3 5 4 11 5 6

Annual Profit 20 25 34 30 40 31 ?

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