Problem
Sally Statistics is implementing a system of statistical process control (SPC) charts in her factory in an effort to reduce the overall cost of scrapped product. The current cost of scrap is $X per month. If an 80% learning curve is expectedin the use of the SPC charts to reduce the cost of scrap, what would the percentage reductionin monthly scrap cost be after the charts have been used for 12 months?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.