As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 30 to 47 minutes. Test results for three participants were: Armand, a mean of 37.0 minutes and a standard deviation of 3.0 minutes; Jerry, a mean of 38.0 minutes and a standard deviation of 2.0 minutes; and Melissa, a mean of 38.5 minutes and a standard deviation of 2.9 minutes.
a.Which of the participants would you judge to be capable? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Participants :
Armand: Cpk _____ Cp Capable ? (Click to select)NoYes
Jerry: Cpk _____ Capable ? (Click to select)YesNo
Melissa Cp ________ (Click to select)NoYes
b.Can the value of the Cpk exceed the value of Cp for a given participant?
yes or no
As part of an insurance company’s training program, participants learn how to conduct an analysis of...
As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 32 to 47 minutes. Test results for three participants were: Armand, a mean of 38.0 minutes and a standard deviation of 3.0 minutes; Jerry, a mean of 37.0 minutes and a standard deviation of 2.0 minutes; and Melissa, a mean of 39.5 minutes and a standard deviation of 2.2...
As part of an insurance company's training program, participants learn how to conduct an analysis of clients' insurability. The goal is to have participants achieve a time in the range of 32 to 45 minutes. Test results for three participants were: Armand, a mean of 39.0 minutes and a standard deviation of 3.0 minutes; Jerry, a mean of 35.0 minutes and a standard deviation of 2.0 minutes, and Melissa, a mean of 38.5 minutes and a standard deviation of 3.0...
PLEASE DOUBLE CHECK ANSWERS ARE CORRECT. THANK YOU! As part of an insurance company's training program, participants learn how to conduct an analysis of clients' insurability. The goal is to have participants achieve a time in the range of 32 to 45 minutes. Test results for three participants were: Armand, a mean of 38.0 minutes and a standard deviation of 3.0 minutes; Jerry, a mean of 36.0 minutes and a standard deviation of 2.0 minutes; and Melissa, a mean of...
Problem 10-26 As part of an insurance company’s training program, participants learn how to conduct an analysis of clients’ insurability. The goal is to have participants achieve a time in the range of 32 to 47 minutes. Test results for three participants were: Armand, a mean of 38.0 minutes and a standard deviation of 2.0 minutes; Jerry, a mean of 35.0 minutes and a standard deviation of 3.0 minutes; and Melissa, a mean of 39.5 minutes and a standard deviation...