Question

The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen...

The Money Pit Mortgage Company is interested in monitoring the performance of the mortgage process. Fifteen samples of five completed mortgage transactions each were taken during a period when the process was believed to be in control. The times to complete the transactions were measured. The means and ranges of the mortgage process transaction​ times, measured in​ days, are as​ follows:

                                                                                                                                                

Sample

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Mean

19

16

10

19

14

16

17

18

15

16

17

11

13

11

14

Range

4

10

3

7

8

12

11

14

9

9

10

5

8

10

12

​Subsequently, samples of size 5 were taken from the process every week for the next 10 weeks. The times were measured and the following results​ obtained:

                                                                                                      

Sample

16

17

18

19

20

21

22

23

24

25

Mean

13

16

11

17

19

22

15

24

22

20

Range

5

10

5

3

11

14

10

9

7

5

LOADING...

Click the icon to view the table of factors for calculating​ three-sigma limits for the

x overbarx​-chart

and​ R-chart.

a. Construct the control charts for the mean and the​ range, using the original 15 samples.

Set up the​ R-chart by specifying the center line and​ three-sigma control limits below. ​(Enter your responses rounded to two decimal​ places.)

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