Statistical Analysis for Quick Stab Collection Agency Executive Summary The purpose of the paper is to provide a statistical analysis of overdue bills for Quick Stab Collection Agency (QSCA). The data will be taken from accounts closed over a six month period. The goal is to determine if a correlation between the type of account‚ the amount of the bill and the days to collection exists. To determine the existence of a correlation‚ regression analysis of several variables was completed. This
Premium Statistics Scientific method Arithmetic mean
Statistical Process Control Statistical Monitoring of Processes to Detect Special Causes of Variation Lecture Outline • • • • • • • Basics of Statistical Process Control Control Charts Control Charts for Attributes Control Charts for Variables Control Chart Patterns SPC with Excel Process Capability Statistical QA Approaches Statistical process control (SPC) • Monitors production process to prevent poor quality Acceptance sampling • Inspects random sample of product
Premium Control chart Statistical process control Process capability
1. (12 points) In this recession‚ yours truly would like to make extra money to support his frequent filet-mignon-et-double-lobster-tail dinner habit. A promising enterprise is to mass-produce garnet wedding rings for brides. Based on my diligent research‚ I have found out that women’s ring size normally distributed with a mean of 6.0‚ and a standard deviation of 1.0. I am going to order 5000 garnet wedding rings from my reliable Siberian source. They will manufacture ring size from 4.0‚ 4
Premium Statistical hypothesis testing Null hypothesis Standard deviation
Chapter 3 Summarizing Data 0.1 0.2 Introduction...........................................................................Error! Bookmark not defined. A Section Title .......................................................................Error! Bookmark not defined. Demonstration: ............................... Error! Bookmark not defined. Exercises ................................................................................... Error! Bookmark not defined. 0.3 0.4 Chapter Summary .
Premium Output Data Data analysis
Part A Topic of Interest The daily phenomena in our everyday lives that we encounter that is‚ to determine the places and choices of food we consume‚ and restrictions on them based on our daily expenses. Title The ability to bring a change to our daily expenses (savings) through our food consumption Brief background of this topic : We are often pressured by the same mind boggling question‚ that is “What are we to consume for lunch/dinner daily?”. This often arises and in order to
Premium Normal distribution Regression analysis Statistical hypothesis testing
| Statistical Analysis of Yearly Checkups based on Gender | | STAT 3125 Section 04 | | 11/29/2012 | | This statistical analysis is of a randomly selected sample of 300 from the 2010 version of the Behavioral Risk Factor Surveillance System (BRFSS) database1. The selected study on the length of time since last routine checkup was listed under the SAS Variable Name – CHECKUP1.This data set specified how long it had been since the respondent had been in for a routine checkup‚ defining
Premium Statistical hypothesis testing Gender Statistics
STATISTICAL PROCESS CONTROL Prof.S.BHADKUMBHE College Of Engg‚ Manjari(BK) Hadapsar‚ Pune-412 307 N.B.KANCHAN College Of Engg‚ Manjari(BK) Hadapsar‚ Pune-412 307 S.HAGAVANE College Of Engg‚ Manjari(BK) Hadapsar‚ Pune-412 307 S.HIPPERKAR College Of Engg‚ Manjari(BK) Hadapsar‚ Pune-412 307 P.BANAGE College Of Engg‚ Manjari(BK) Hadapsar‚ Pune-412 307 Email: nilesh29.uk@gmail
Premium Standard deviation Control chart Process capability
Individual Measurements Cumulative-Sum control charts Control Charts for Large Sample . . Statistical Process Control - Part II IE 330‚ Spring 2013‚ Instructor: Yu-Ching Lee March 14‚ 2013 1 / 127 Process Capability Assessment Control Charts for Individual Measurements Cumulative-Sum control charts Control Charts for Large Sample Use of the histogram Process Capability Indices Statistical Assignment of Tolerances Loss Function Approach . Process Capability Recall that we compared
Premium Control chart Process capability Standard deviation
Chaper 3. Statistical Process Control According to the book “Operations Management” by Russell and Taylor‚ Statistical Process Control (SPC) is defined as a statistical procedure that monitors the production process by detecting and preventing poor quality using various control charts and statistical tools. And the book also emphasizes on the importance of comprehensive training for employees in SPC to achieve its successful effect. (Taylor‚ B. & Rusell‚ R.‚ 2011) When working for Business Supporting
Premium Process management Control chart Management
was high in 1990 with the range of 75.01 compare to 42.76 for 1998. Another high variability for 1990 was the standard deviation of 9.30 compare to 5.17 for 1998. (For Excel instructions see pages 28 and 61 of the textbook.) Question 2. (Statistical Inferences: Single Population) Feasibility Study: Companies that sell groceries over the Internet are called e-grocers. Customers enter their orders‚ pay by credit card and receive delivery by truck. To determine whether an e-grocery would be
Premium Statistical inference Statistics Normal distribution