In designing control charts, companies usually use ______.
a. two standard deviations because narrower control limits may a lead a manager to erroneously conclude that the process is out of control when in fact the variation that led to the points falling out of the control limits was purely random
b. two standard deviations because broader control limits may a lead a manager to erroneously conclude that the process is out of control when in fact the variation that led to the points falling out of the control limits was purely random
c. three standard deviations because narrower control limits may a lead a manager to erroneously conclude that the process is out of control when in fact the variation that led to the points falling out of the control limits was purely random
d. three standard deviations because broader control limits may a lead a manager to erroneously conclude that the process is out of control when in fact the variation that led to the points falling out of the control limits was purely random
c. three standard deviations because narrower control limits may a lead a manager to erroneously conclude that the process is out of control when in fact the variation that led to the points falling out of the control limits was purely random
You might also like to view...
Under which method is it assumed that old stock is sold first and that new stock remains on the shelves?
a. FIFO b. retail method of accounting c. LIFO d. cost method of accounting
Property taxes on a company's factory building would be classified as a(n):
A. opportunity cost. B. variable cost. C. period cost. D. product cost.
A marketing program blends all of a firm's marketing plans into one "big" plan.
Answer the following statement true (T) or false (F)
Technical skills are more important to the first-line manager than to other managers.
Answer the following statement true (T) or false (F)