The executives at the ABC Bank want to improve the process to approve small business loan. Six samples of eight observations each have been taken. For each sample, the average processing time (in hours) and the range (in hours) are as follows: Sample Mean Range
1 15 1.4
2 12.1 3.6
3 9.9 0.4
4 11.2 1.6
5 12.5 2.6
6 13.5 2.4

Required:
a. Use the data above to setup the appropriate initial upper and lower control limits for the X-bar and R charts.
b. You have been using the charts from part (a) to monitor this process. One day, you took a sample of twelve new loan applications and you get an average processing time of 13.9 hours with a range of 5.2 hours. Based on the data from this new sample, is the process in control? Briefly justify.

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket