Table 15-1 -Use the Data Shown Below and the Information in Table

question 23

Multiple Choice

Table 15-1

-Use the data shown below and the information in Table 15-1 to develop an upper control limit for a control chart that monitors central tendency.What is the upper control limit?

• A)0
• B)1.17
• C)10.82
• D)11.99

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Definitions:

Term Bond

A type of bond that has a specific maturity date on which the principal or par value is repaid to the investors.

Face Value

The nominal or original value of a security or financial instrument as stated by the issuer, unrelated to its market value.

Specific Date

Refers to a detailed and exact date on the calendar specified for an event or deadline.

Premium

The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.