Question

Determine the % change impact in relation with the sample standard deviation. On the 9th month...

Determine the % change impact in relation with the sample standard deviation.
On the 9th month a new inspection was implemented to improve consistency.Prepare Time Series Chart.
Month Values
              1 129
              2 128
              3 180
              4 138
              5 156
              6 156
              7 134
              8 175 Change
              9 160
             10 175
             11 169
             12 170

Homework Answers

Answer #1

The time series chart is given below:

The % change impact in relation with the sample standard deviation can be calculated as:

So, YES, as the standard deviation reduced by 69.42% after the 9th month,
the new inspection that was implemented certainly improved consistency.

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