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Question 2 You want to determine the control lines for a “P” chart for quality control...

Question 2

You want to determine the control lines for a “P” chart for quality control purposes. If the total number of defects from all samples is 560, the number of samples is 70 and the sample size is 80, what would be the standard deviation used in developing the control lines?

question 3

Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35 and the selling price for the finished product is $50. What is the number of units that has to be produced and sold to break-even?

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