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During the measure phase of a Six Sigma project a building society collected data on the me taken (measured as working days rounded to the nearest day) to process mortgage loan applications.

Published on February 2018 | Categories: Books - Non-fiction | Downloads: 8 | Comments: 0
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1) During the measure phase of a Six Sigma project a building society collected data on the me taken (measured as working days rounded to the nearest day) to process mortgage loan applications. The data are stored in the supplied worksheet Loans l.MTW. Display and summarize the data and comment on the shape of the distribution. Use a stem-and- leaf display to determine the number of times which exceeded the industry standard of 14 working days. 2) The Minitab worksheet Shareprice.MTW supplied with the software in the Data folder contains monthly share prices for two companies ABC and XYZ. Use Graph> Time Series Plot… to create a multiple run chart of these data. Select the option Multiple, and enter ABC and XYZ in the Series: window. Under Time/Scale…select Calendar and then choose Month Year from the associated menu. For the Start Values, accept the default One set for all variables and enter 1 for Month and 2009 for Year. Observe how moving the mouse pointer to a point on a plot leads to display of the variable, its value and the corresponding month and year.

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1) During the measure phase of a Six Sigma project a building society collected data on the me taken (measured as working days rounded to the nearest day) to process mortgage loan applications. The data are stored in the supplied worksheet Loans l.MTW. Display and summarize the data and comment on the shape of the distribution. Use a stem-and- leaf display to determine the number of times which exceeded the industry standard of 14 working days. 2) The Minitab worksheet Shareprice.MTW supplied with the software in the Data folder contains monthly share prices for two companies ABC and XYZ. Use Graph> Time Series Plot… to create a multiple run chart of these data. Select the option Multiple, and enter ABC and XYZ in the Series: window. Under Time/Scale…select Calendar and then choose Month Year from the associated menu. For the Start Values, accept the default One set for all variables and enter 1 for Month and 2009 for Year. Observe how moving the mouse pointer to a point on a plot leads to display of the variable, its value and the corresponding month and year.

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