Get in touch with us
Send us an e-mail
Question
A company in the finance sector needs to improve the productivity of employees who process transactions requested by the general public. Complaints had been received from customers because of the excessive time taken to complete the transactions. A backlog had built up but has just been cleared by working every Saturday and an occasional Sunday. The only information available is the average number of transactions processed per employee for each of the last 26 days and the date. The number of employees remained constant. There is no log of any changes on the process, such as employees or supervisors allocated to specific tasks, or any change of method or rules for prioritising the different transactions.
Average transactions per employee per day
Date:
2016 Average number
of transactions
per employee
04/01 167
05/01 148
06/01 177
07/01 167
08/01 167
09/01 423
10/01 410
11/01 213
12/01 186
13/01 215
14/01 137
15/01 161
16/01 357
18/01 133
19/01 140
20/01 182
21/01 133
22/01 130
23/01 313
25/01 157
26/01 173
27/01 138
28/01 125
29/01 135
30/01 301
1/02 163
Plot an 'Individuals and moving range' control chart to determine whether this process is in control and whether the existing process, under weekday working conditions, would be capable of achieving a productivity target of 120 transactions/day. Based on your analysis what questions would you ask and/or what would you recommend?
Summary
This question belongs to finance and discusses about plotting an ‘Individuals and Moving Range’ control chart to clear the backlog in a finance sector company.
Word count: NA
Download Full Solution
The love for statistics has developed since my childhood. As a child, numbers always fascinated me and that is why right out of high school I opted to study undergraduate statistics. Initially I couldn’t keep up with the topics and was very desperate for expert help. TheReliableTutor.com with its online tutoring and assignment help services has helped me to reach my goals.
Great assistance!!! Thank you guys for all your support. I love the way you dealt with my every instruction and I’m very much satisfied with the work. As I had difficulties managing time for studies and job, you really saved both.
Your Team saved me from failing by helping me at the last minute. Thanks guys!
I would have never known that placing the patient in semi-Flower’s position and resting the head and neck with sandbags or small pillows prevents hyperextension of the neck and protects integrity of the suture line for post thyroidectomy patients if not for HwA. I owe a lot to this nursing intervention assignment help unit of this website and it is indeed very rare to find dedicated experts dealing with specific things like this.
I never faced any problem with marketing management or finance. But with location strategy, I always suffered with the PERT and CRM based problems. I was unable to understand the concept of location strategies. When I came across HwA, I was relieved as they helped me overcome the horrors of location strategy and transformed my fear into a genuine interest.
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.