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An automatic filling process is used to dispense hand sanitizer into small purse size bottles.The target weight is 75 ml.The company has initiated control charting to stabilize and improve the automatic filling process.For each of twenty-five samples consisting of four bottles, the contents were measured and the mean weight and range were determined.The average of the means across all samples was found to be 72.5 ml.and the average range was 2.75 ml.The control limits for the X-bar chart are ________________________ .
Long Run
A period sufficient for all markets and factors to adjust, allowing full analysis of economic conditions without the constraint of fixed inputs.
Coefficient
A numerical or constant factor in a mathematical expression, showing the degree of some change under certain conditions, often used in equations to measure relationships between variables.
Price Elasticity of Supply
This measures how much the quantity supplied of a good changes in response to a change in the price of that good.
Midpoint Formula
A method used in economics to calculate the elasticity of a variable, such as demand or supply, based on changes in price and quantity from a midpoint on a curve.
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