The 3-Sigma Control Limits of the P Chart for the Fraction

question 41

Short Answer

The 3-sigma control limits of the p chart for the fraction of defective items in a process believed to be in control are LCL = .0125 and UCL = .1425. If the smallest and largest values of $\hat { p } ,$ the fraction of defective items, are .0062 and .1685 respectively, then the process is __________.

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Definitions:

Salary Owed

The amount of money that an employer is required to pay to an employee for work performed, which has not yet been paid at the statement date.

Unearned Gym Memberships

Income received by a gym or fitness center from memberships that have been paid for but not yet fully utilized, considered a liability until the services are rendered.

Gym Memberships Revenue

Income received from customers for granting access and use of a gym's facilities.

Adjusting Journal Entry

An entry made in the books at the end of an accounting period to allocate income and expenditure to the correct period.