Step by Step Solutions

[Solved] The Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. The vice president in charge of the

Question: The Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. The vice president in charge of the loan officers would like some information on the typical amount of loans and the range in the amount of the loans. A staff analyst of the vice president selected a sample of 10 loan officers and from each officer selected a sample of five loans he or she made last month. The data are reported below. Develop a control chart for the mean and the range. Do any of the officers appear to be "out of control"? Comment on your findings.

Loan Amount ($000) Loan Amount ($000)
Officer 1 2 3 4 5 Officer 1 2 3 4 5
Weinraub 59 74 53 48 65 Bowyer 66 80 54 68 52
Visser 42 51 70 47 67 Kuhlman 74 43 45 65 49
Moore 52 42 53 87 85 Ludwig 75 53 68 50 31
Brunner 36 70 62 44 79 Longnecker 42 65 70 41 52
Wolf 34 59 39 78 61 Simonetti 43 38 10 19 47

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in