If a Sample of Parts Is Measured and the Mean

question 84

Multiple Choice

If a sample of parts is measured and the mean of the measurements is outside the control limits, the process is

• A) in control, but not capable of producing within the established control limits.
• B) out of control and the process should be investigated for assignable variation.
• C) within the established control limits with only natural causes of variation.
• D) monitored closely to see if the next sample mean will also fall outside the control limits.
• E) within the acceptable range.

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Definitions:

Expected Rate

An anticipated return on investment, interest rate, or growth rate based on historical data, market analysis, or other predictive models.

Probability

This refers to the likelihood of occurrence of an uncertain event, often expressed as a number between 0 and 1.

Narrowest Bell Curve

Describes a distribution with a high peak and steep sides, indicating that the data points cluster closely around the mean, showing low variability.

Large-company Stocks

Equities issued by corporations with a large market capitalization, often considered more stable investments than those of smaller companies.