CL X = Mean of all sample means = (9.25 + 9.03 + 9.35 + 9.12)/6 = 9.1875
Hence,
It is greater than 9.0 but less than or equal to 9.25
Option B is correct.
28. The manager at Retail Rodeo wishes to develop the appropriate process control charts to monitor the time it takes t...
27. The manager at Retail Rodeo wishes to develop the appropriate process control charts to monitor the time it takes to service customers at the customer service counter. Four samples of six observations each have been taken and the following customer service times in minutes) were recorded in the following table. Observation Sample 9.10 8.70 9.10 8.90 8.80 8.50 8.20 8.80 9.60 9.30 9.70 9.50 8.90 8.90 9.00 9.40 9.90 9.50 9.10 9.10 Sample 6 Means 9.20 9.30 11.00 9.00...
The following information pertains to the Big Returns Fund: Cost Class "A" Class "B" Class "C" Front-end load 5.57 0.00 0.00 Back-end load 0.00 5.34 0.89 Declining 1% per year First year only Management fee 0.80 0.80 0.80 12b-1 fee 0.30 0.60 0.80 For each share class, calculate (1) how much you would pay in initial commissions, (2) how much you would pay in back-end commissions if you sold after two years, (3) how much in value is lost to...