the number of late insurance claim payouts per 100 should be measured with what type of control chart?
Either x bar chart or r chart
X bar chart
C chart
R chart
Or p chart
the number of late insurance claim payouts per 100 should be measured with p chart
data is from a subgroup of different size
Answer is p chart
the number of late insurance claim payouts per 100 should be measured with what type of...
A control chart used to monitor the number of defects per unit is the: a. p-chart b. R-chart c. X-bar chart d. c-chart e. Gantt chart
The local newspaper receives several complaints per day about typographic errors. Over a seven-day period, the publisher has received calls from readers reporting the following daily number of errors per newspaper: 4, 3, 2, 6, 7, 3, and 9. Based on these data alone, what type of control chart(s) should the publisher use? p-chart c-chart x-bar chart x-bar chart and R-chart. u-chart none of the above (what is your answer?)
The percent of defects after a hotel room cleaning (sheets not straight, smears on mirror, missed debris on carpet, etc.) should be measured using what type of control chart? A. p-chart B. R-chart C. x-bar chart
part c
Below table contains data on examination of medical insurance claims. Every day 50 claims were examined. Medical Insurance Claim Data Day Number Nonconforming Day Number Nonconforming 2 4 6 14 22 55 1151 62 1620 7 170 8 HT a) (15 points) Set up the fraction nonconforming control chart for this process. Plot the preliminary data in table on the chart. Is the process in statistical control? b) (10 points] Assume that assignable causes can be found for...
A company is interested in monitoring the variability in the number of defects it produces. An appropriate control chart(s) would be: O an X-Bar chart and an R-chart. a p-chart. a c-chart. None of the above.
Jars of pickles are sampled and weighed. Sample measures are plotted on control charts. The ideal weight should be precisely 11 oz. Which type of chart(s) would you recommend? Select one: a .c-chart b. p-chart c. an x bar chart, but not an R-chart d. both a p-chart and a e-chart e.both an xbar chart and an R-chart
QC.62 A large insurance company processes 1,000 claims per day and has found, on average, 3.25% of these processed claims have defects What would be the standard deviation of the sampling distribution if you were to use a sample size of 100? (Display your answer to four decimal places.) What is the upper control limit for a 3-sigma p-chart chart if the sample size is 100? (Display your answer to four decimal places.) What is the lower control limit for...
While inspective 100 cars parked in a car dealer's lot, it is found that on average a car has 9 dirty spots. Which control chart will be the most appropriate to use? A. x-bar B. R C. p D. c
1. (3 POINTS) An insurance policy pays a individual $500 per day for up to 3 days of hospitalization and $100 per day for each day of hospitalization thereafter. The number of days of hospitalization is a random variable X with P(X=x) = (6-x)/15, if x = 1,2,3,4,5. Calculate the expected payment for hospitalization under this policy. 2. (4 POINTS) An insurance policy reimburses a loss up to a benefit limit 0f $10. There is no deductible. The policyholder’s...
An insurance company processes 800 claims per year. The average processing time for a claim is 5 weeks. 45 percent of all claims received are car insurance claims, 40 percent of all claims received are motorcycle insurance claims, 10 percent are boat insurance claims, and the remaining are house insurance claims. Hint: These are throughput values. On average there are, 20 car, 9 motorcycles, 12 boats, and some house claims in process. Hint: These are inventory values. Assume 50 weeks...