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 |
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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