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    Pendu Jatt
    This document contains information about performing a Pareto analysis and calculating process capability. The Pareto analysis of factors contributing to entrepreneur success showed that leadership, creativity, and presentation skills accounted for over 80% of reasons, while experience, education, IQ score, and EQ score accounted for a small fraction. Calculations were shown for process capability (Cp=1.33) and process performance (Cpk=0.67), indicating the process mean has shifted low and corrective action is needed. X-bar and R control charts were also calculated for a process with a sample size of 10, showing the overall mean, upper and lower control limits for both the X-bar and R charts.

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    1233

    Uploaded by

    Pendu Jatt
    22 views4 pages
    This document contains information about performing a Pareto analysis and calculating process capability. The Pareto analysis of factors contributing to entrepreneur success showed that leadership, creativity, and presentation skills accounted for over 80% of reasons, while experience, education, IQ score, and EQ score accounted for a small fraction. Calculations were shown for process capability (Cp=1.33) and process performance (Cpk=0.67), indicating the process mean has shifted low and corrective action is needed. X-bar and R control charts were also calculated for a process with a sample size of 10, showing the overall mean, upper and lower control limits for both the X-bar and R charts.

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    This document contains information about performing a Pareto analysis and calculating process capability. The Pareto analysis of factors contributing to entrepreneur success showed that leadership, creativity, and presentation skills accounted for over 80% of reasons, while experience, education, IQ score, and EQ score accounted for a small fraction. Calculations were shown for process capability (Cp=1.33) and process performance (Cpk=0.67), indicating the process mean has shifted low and corrective action is needed. X-bar and R control charts were also calculated for a process with a sample size of 10, showing the overall mean, upper and lower control limits for both the X-bar and R charts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    22 views4 pages

    1233

    Uploaded by

    Pendu Jatt
    This document contains information about performing a Pareto analysis and calculating process capability. The Pareto analysis of factors contributing to entrepreneur success showed that leadership, creativity, and presentation skills accounted for over 80% of reasons, while experience, education, IQ score, and EQ score accounted for a small fraction. Calculations were shown for process capability (Cp=1.33) and process performance (Cpk=0.67), indicating the process mean has shifted low and corrective action is needed. X-bar and R control charts were also calculated for a process with a sample size of 10, showing the overall mean, upper and lower control limits for both the X-bar and R charts.

    Copyright:

    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 4

    1, A) To prepare a Pareto analysis, we need to arrange the success factors in

    descending order of frequency and calculate the cumulative percentage.


    Success Factor Number of Occurrences Cumulative
    Percentage

    Leadership 50 34.48%
    Creativity 45 63.79%

    Presentation Skills 41 86.21%

    EQ Score 38 100%

    IQ Score 25
    Education 22

    Experience 18

    B) The Pareto analysis reveals that the top three factors, leadership, creativity, and
    presentation skills, make up more than 80% of the reasons why the entrepreneurs
    believe they were successful. In contrast, the bottom four factors, experience,
    education, IQ score, and EQ score, make up only a small fraction of the total. This
    suggests that while experience, education, and cognitive abilities may be important,
    soft skills like leadership, creativity, and presentation skills

    3. Cp=(1945-1297)/6*81 =1.33 i.e the process is capable of producing sufficient parts


    for specification

    Cpk=min. ((1459-1297)/3*81 , (1945-1459)/3*81) = min(0,67 ,2) =0.67 since Cpk is


    lower than 1 means the process mean is off centre. It has shifted towards lower
    control limits it will generate defects and company needs to take corrective actions to
    meet target.

    2. Calculate the average (X-Bar) and range (R) for each subgroup.

    X-bar and range chart formulas

    X-bar control limits are based on either range or sigma, depending on which chart it is
    paired with. When the X-bar chart is paired with a range chart, the most common (and
    recommended) method of computing control limits based on 3 standard deviations is:
    X-bar

    n is the number of observations


    k is the number of subgroups
    Upper control limit: Lower control limit:

    Range

    k is the number of subgroups.


    Upper control limit: Lower control limit:

    Based on the above data

    Sample Sample Mean Range


    1 49.998 0.017
    2 50.001 0.011
    3 50.025 0.025
    4 50.121 0.005
    5 50.012 0.001
    6 49.953 0.004
    7 49.999 0.007
    8 50.002 0.022
    9 50.007 0.001
    10 49.099 0.014
    Grand mean 49.9217
    Range mean 0.0107

    Here sample size of n = 10

    values of A2, D2, D3, and D4 as follows


    Subgroup Size A2 D2 D3 D4
    2 1.88 1.128 3.268
    3 1.023 1.693 2.574
    4 0.729 2.059 2.282
    5 0.577 2.326 2.114
    6 0.483 2.534 2.004
    7 0.419 2.704 0.076 1.924
    8 0.373 2.847 0.136 1.864
    9 0.337 2.97 0.184 1.816
    10 0.308 3.078 0.223 1.777

    The following are the calculations of upper and lower control limits and overall mean
    X-bar chart

    Upper Control Limit

    = 49.9217 + 0.308 * 0.0107 = 49.925

    Lower Control Limit

    = 49.9217 - 0.308 * 0.0107 = 49.9184

    overall mean (grand mean) = 49.9217

    The following are the calculations of upper and lower control limits R chart

    Upper Control Limit

    =0.0107 * 1.777 = 0.019

    Lower Control Limit


    = 0.0107 *0.223 = 0.0024

    R-bar (R mean) = 0.011

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