What Percent of Quality-Control Results Will Fall Outside of Plus

question 41

Multiple Choice

What percent of quality-control results will fall outside of plus or minus 2 standard deviations from the mean?

• A) 2.5%
• B) 5%
• C) 7.5%
• D) 10%

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Definitions:

Estimates Values

An approximation of the worth of goods, services, or financial instruments calculated through analysis or assessment techniques.

High-value

Describes goods, services, or properties that possess a significant worth or quality compared to others of a similar nature.

Winning Price

The final price at which a good or service is sold in an auction or competitive bidding process.

Low-value

Describes goods or services that have minimal worth or importance, often reflected in their low price or perceived utility.