Calculate the defined process metrics including variation


Problem

Complete the following in Excel:

a) Calculate the defined process metrics including variation and process capability.
b) Develop and display a control chart for the process.

Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Determine whether the process could benefit from the use of Six Sigma, Lean, or other tools. (Include all calculation and charts.)

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Financial Accounting: Calculate the defined process metrics including variation
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