If the Traditional 3-Sigma Limits on a Control Chart Are

question 97

Multiple Choice

If the traditional 3-sigma limits on a control chart are replaced by 2-sigma limits,which of the following is TRUE?

• A)Type I errors decrease.
• B)Type I errors increase.
• C)Type II errors increase.
• D)The center line moves downward.

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Definitions:

Nominal GDP

Refers to the gross domestic product measured at current market prices, without adjusting for inflation.

Technological Change

A change in the methods of production and product innovation that leads to greater efficiency and productivity.

Unemployment

A situation where individuals who are capable of working and are actively seeking employment are unable to find a job.

Incomes

refers to the earnings that individuals or businesses receive, typically through work, investments, or other sources.