A Sample of ROM Computer Chips Was Selected on Each

question 76

Essay

A sample of ROM computer chips was selected on each of 30 consecutive days, and the number of nonconforming chips on each day was as follows: $$\begin{array} { l l l l l l l l l l } 30 & 16 & 17 & 22 & 19 & 18 & 16 & 23 & 13 & 21 \\18 & 19 & 13 & 25 & 31 & 17 & 12 & 21 & 15 & 29 \\11 & 19 & 25 & 18 & 38 & 20 & 8 & 26 & 12 & 25\end{array}$$ Determine control limits for a 3-sigma p chart and specify any out-of-control points.

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Definitions:

Cash

Liquid assets that are readily available for immediate use in transactions or to cover short-term liabilities.

Short Position

A trading strategy that involves selling a borrowed asset with the expectation that its price will fall, allowing it to be bought back at a lower price.

Long Position

An investment strategy where an investor buys securities with the expectation that their value will rise.

Loss

This occurs when expenses exceed revenues, or when the selling price of an asset is less than its purchase price, resulting in a negative financial outcome.