Fox co. sells a product with a sales price of $10,000 with a 2-year warranty that is estimated to cost fox $250 for each product in the year of sale and $750 in the following year. fox sold 80 product units in their first year of operation and 100 in their second year, and paid $20,000 in the first year and $130,000 in the second year for warranty claims. what is fox’s warranty expense during their second year of operation?

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.