A Quality Analyst Wants to Construct a Control Chart for Determining

question 4

Multiple Choice

A Quality Analyst wants to construct a control chart for determining whether three machines,all producing the same product,are under control with regard to a particular quality variable.Accordingly,he sampled four units of output from each machine,with the following results: Using the factors for three sigma control limits,what are the x-bar chart upper and lower control limits?

• A)24.33 and 15.67
• B)23.29 and 16.71
• C)23.5 and 16.5
• D)23.16 and 16.84
• E)24.42 and 17.67

---

Definitions:

Call Premium

The amount by which the price of a call option exceeds its intrinsic value, reflecting the time value and volatility of the underlying asset.

Time Value

The idea that money currently in hand is more valuable than the same sum received in the future because of its ability to earn more over time.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase a stock or other asset at a specified price within a certain time frame.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.