Calculate the Mean Absolute Percentage Error for the following data: Actual 91 86 87 97 Forecast 91.3 86.3 98.1 99.5 (Keep two decimal places in your answer)
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- calculate x-bar for the data shown, to two decimal places, 9,7.9,10,21.8,7Calculate the Mean Absolute Percentage Error for the following data: Actual 99 85 91 92 Forecast 92.6 88 101.9 99.8 (Keep two decimal places in your answer)1.The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment? Interval Nominal Ordinal Ratio 2.Which one of the following is NOT an example of discrete data? Number of employees reporting in sick Number of households watching the Home Shopping Network Number of miles between New York City and Chicago Number of members of the Denver Lions Club
- The following data was recorded while observing the increase in the number of butterflies in two different ponds, Pond A and Pond B. Number of Butterflies Present Over 5 Years Year Pond A Pond B 0 50 65 85 1 2 3 4 5 100 O 110 121 133 146 161 110 143 186 What is the rate of growth, r, for each pond and which pond has the fastest average rate of growth over the five years? TA = 1.1, TB = 1.3, mg = 3.72 butterflies/yr TA=0.9, TB=0.8, mg = 3.72 butterflies/yr TA=0.9, TB=0.8, mg=27.2 butterflies/yr TA = 1.1, TB = 1.3, mg=27.2 butterflies/yrns Management || fall20 Random variation is also known as common cause variation. Select one: O a. TRUE O b. FALSECompute the following using customer satisfaction data from the table below.2.1 Mean Squared Error (MSE)2.2 Mean Absolute Deviation (MAD) 2.3 Mean Absolute Percentage error (MAPE)
- Bill Kime's bowling ball factory makes bowling balls of adult size and weight only. The standard deviation in the weight of a bowling ball produced at the factory is known to be 0.39 pounds. Each day for 24 days, the average weight, in pounds, of 9 of the bowling balls produced that day has been assessed as follows Day 1 2 3 4 5 6 Average (lb) 9.9 9.9 10.1 10.1 99 99 Day 7 8 9 10 11 12 Average (lb) Day Average (b) 13 14 15 16 17 18 10.1 10.0 10.0 10.1 10.1 10.0 9.9 10.1 10.1 10.0 10.1 10.1 Day 19 20 21 22 23 24 Average (lb) 99 10.0 10.1 9.9 10.0 10.0 a) Establish a control chart for monitoring the average weights of the bowling balls in which the upper and lower control limits are each two standard deviations from the mean What are the values of the control limits? Upper Control Limit (UCL)=b (Round your response to two decimal places)1. Statistical process control, hypothesis testing, and control charts Consumers value prompt service when they order takeout or delivered pizza, and pizza restaurants compete for customers by making time promises. Papa John's, for instance, offers a 10-minute takeout guarantee. Domino's advertises a 30-minute delivery time. Suppose that the quality control manager at a nationwide pizza chain defines this production variable: An order is processed on time or late. Every night, a random sample of pizza orders is selected, and data are collected on the production variable for each order in the sample. To detect a change in the number of orders that are late, the quality control manager uses Based on the control chart, the quality control manager decides that the variation in output is due to assignable causes. Consequently, the manager concludes that the production process is ; it is Statistical procedures for process control use a hypothesis-testing framework. The null and alternative…COQ Histogram; Spreadsheet Application Genova Company classifies its costs of quality intofour categories. The costs of quality (COQ) as a percentage of cost of goods sold for the last threeyears are as follows:[LO 17-1, 17-5][LO 17-5]2019 2020 2021Prevention costs 1.00% 4.00% 2.00%Appraisal costs 3.00 2.50 1.50Internal failure costs 27.00 23.00 14.00External failure costs 31.00 18.00 12.00Required1. Use a spreadsheet to prepare a histogram that shows the costs of quality (COQ) trends as a percentageof cost of goods sold.2. Comment on the trends in cost of quality (COQ) over the 3-year period from 2019 to 2021.3. Based on the observed trends, what total cost of quality can the company expect in 2022? Explain.
- When observations can be placed into oneof two categories. Examples include items(observations) that can be classified asa. Good or badb. Pass or failc. Operate or don’t operateWhich of the following is not a lead indicator used in balanced scorecards? Multiple Choice Quality Customer loyalty Innovation and growth Employee capabilities profit marginA scatter diagram is useful to determine if a relationship exists between two variables.TrueORFalse