SCENARIO 19-3 A Quality Control Analyst for a Light Bulb Manufacturer Is

question 106

Multiple Choice

SCENARIO 19-3
A quality control analyst for a light bulb manufacturer is concerned that the time it takes to produce a batch of light bulbs is too erratic.Accordingly,the analyst randomly surveys 10 production periods each day for 14 days and records the sample mean and range for each day.

-Referring to Scenario 19-3,suppose the analyst constructs an R chart to see if the variability in production times is in-control.What is the lower control limit for this R chart?

• A)4.84
• B)3.37
• C)2.98
• D)1.34

---

Definitions:

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.

Financial Statements

Reports that summarize the financial performance, position, and cash flows of a business for a specific period.

Disclosure

The act of providing important information to stakeholders, required by regulations to ensure transparency and fairness in financial reporting and corporate actions.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency in the accounts.