QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART - Essay Example

Summary

A histogram displays the variables distribution. It represents each characteristic as a column together with the frequency of each characteristic happening as the column’s height. On the other hand, The Pareto chart…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER95.3% of users find it useful

QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART

Read Text Preview

Subject: Management
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: simonisted

Extract of sample "QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART"

Quality management of a Histogram and Pareto graph Table The time for the decision at Golden Valley rounded to the nearest hourDecision Process TimeFrequency 7-9 hours510-12hours1213-15hours3816-18 hours1919-21 hours2222-24 hours025-27 hours8 Table 2: Histogram DataDecision process timeFrequency73101131160191221250270More1Table 3: Pareto Chart DataDecision Process timeFrequencyCumulative %BinFrequencyCumulative %7337.50%7337.50%10150.00%10150.00%13162.50%13162.50%16062.50%19175.00%19175.00%22187.50%22187.50%More1100.00%25087.50%160100.00%27087.50%250100.

00%More1100.00%270100.00%Response to Part aChart 1 represents a histogram and chart 2 is a Pareto chart. A histogram displays the variables distribution. It represents each characteristic as a column together with the frequency of each characteristic happening as the column’s height. On the other hand, The Pareto chart is a particular form of histogram that ranks the issues by their general effect. It helps in prioritization of the corrective actions as issues with huge effects and are arranged in a given order.

The Pareto Chart includes a representation of the cumulative percentage of the causes (Atchison and Ross 57). The most useful chart for the data is the Pareto chart because it shows the prioritization of the corrective actions. The shown data could also be communicated using a frequency polygon. A frequency polygon is a graphical representation that is used in understanding the distribution shapes of data (Atchison and Ross 57). They have a similar role as the histogram but useful in making the comparison of a data set.

Response to part bFrom the two graphs, it is evident that the Competitive priority of Golden Yalley bank is reducing with time. This is evidenced by the reduction of the frequency with the increase in the decision process time. This shows that the department was not doing so well if compared to other competitors with an increasing trend of their frequency. The frequency reaches its maximum at around 13 to 15 hours implying that the manager should consider this decision process time as the optimum time for maximum loan application.

Work CitedAtchison, Nick and Ross, Ron. Methods for analyzing probe yields sensitivities. New York: McGraw-Hill. 2001. Print.

Cite this document

APA
MLA
CHICAGO

(“QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay”, n.d.)
QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay. Retrieved from https://studentshare.org/management/1666757-quality-managment-of-a-histogram-and-a-pareto-chart

(QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay)
QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay. https://studentshare.org/management/1666757-quality-managment-of-a-histogram-and-a-pareto-chart.

“QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART Essay”, n.d. https://studentshare.org/management/1666757-quality-managment-of-a-histogram-and-a-pareto-chart.

Cited: 0 times

CHECK THESE SAMPLES OF QUALITY MANAGMENT OF A HISTOGRAM AND A PARETO CHART

Quality Management Tools and Techniques in the Footwear Industry

Below is an example of a pareto chart.... Check sheet pareto chart Cause and effect diagram Histogram Scatter diagram Charts Check sheet This is a kind of sheet that is used to show variations over a period of time.... Here is an example of a check sheet pareto chart This is a chart that prioritizes issues.... In this type of chart, the issue that has the most appearance comes first in the chart then the other issues follow in that order to the list....

7 Pages (1750 words) Assignment

Needs Assessment for Quality Improvement

Before discussing the quality and need for improving it in Tulsa Public School District, it is important to see its significant strategic plan factors.... "We will provide quality learning experiences for every student, every day, without exception with the essential skills needed for academic growth, lifelong learning and personal character.... "The District of Choice, by providing quality education through high expectations for ALL"; this clearly shows that the top level management of this organization strives hard and makes policies which may make this school as everyone's only choice in the coming future....

5 Pages (1250 words) Assignment

Green Computing Research Project Part 5

The reporter states that there are seven basic tools and techniques for quality improvement include cause and effect diagrams, pareto chart, run chart and scatter diagram.... ffect' diagram Case Study 2: Green Computing Research Project – Part 5There are seven basic tools and techniques for quality improvement include cause and effect diagrams, control charts, flowcharting, histogram, pareto chart, run chart and scatter diagram.... These tools are utilized to scrutinize the development processes, manage the uncertainty of quality of developing the product....

2 Pages (500 words) Assignment

Quality control throughout the life cycle

Mulcahy (2011) highlights the use of seven basic tools of quality including Cause and effect diagram, Flowchart, Histogram, pareto chart, Run chart, Scatter diagram, Control chart to monitor and control the project quality.... pareto chart, a particular type of histogram, represents the defects with order of frequency from highest to lowest for guiding the corrective action (PMBOK 2008) and states that 20% of the categories would represent 80% of the defects (Mulcahy 2011)....

2 Pages (500 words) Assignment

Education Sector of Oman

The only difference between a bar chart and histogram is that the X-axis in a bar chart lists categories while in a histogram it consists of a measurement scale with no gaps between the adjacent bars.... SPC comprises of a number of statistical tools, usually, seven, including Histograms, pareto Charts, Process Flow Diagrams, Control Charts, Scatter Diagrams, Check Sheets and Effect Diagrams (Karuppusami and Gandhinathan, 2006).... Four main SPC tools are utilized including histograms, pareto diagrams, scatter diagrams, and control charts....

8 Pages (2000 words) Research Paper

ISO Standards and Excellence: Quality Management System Approaches

The author explains why and how an organization should analyze quality and excellence.... They include: ensuring the availability of resources, getting the quality policy, getting in touch with the organization especially regarding the importance of being able to fulfill the needs of the customer as well as other needs such as the regulatory and statutory needs, conducting reviews of management and ensuring the quality objectives are established....

7 Pages (1750 words) Assignment

Total Quality Management: Achieving Long-Term Organizational Success

Some of the quality improvement tools it uses are – check-sheets, histograms, pareto charts, Control charts, scatter diagrams, process capability studies and so on.... Some of the tools are – histograms, fishbone diagrams, pareto, run charts, process control charts and so on.... A major support in the implementation of these highly sophisticated statistical tools for process improvement is from the trained quality resources called the “black belts”....

10 Pages (2500 words) Research Paper

Process Improvement Techniques: A Case of Radiator and Heat Exchanger Manufacturing Company

nbsp;(John Mapes, 2000) Any variation identified should be eliminated effectively as the defect will be against the quality and performance of the company.... The key manufacturing success indicators are cost, delivery, flexibility, and quality.... In the long run, the process will improve in terms of consistency, stability, and quality.... quality improvement aims at reducing the defects in output traits.... This calls them to infuse important quality characteristics on the products....

5 Pages (1250 words) Assignment