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-A control chart for monitoring variation and center can be based on standard deviations instead of on ranges. An s chart for monitoring variation is made by plotting sample standard deviations with a center line at (the mean of the sample standard deviations) and control limits at and , where and are found in the Control Chart Constants table. Construct an s chart for the data below.
A manufacturer of lightbulbs picks 10 lightbulbs at random each day for quality control. The mean, standard de and range (in hours) of the lifetimes of the 10 lightbulbs are calculated. The results for 12 consecutive days are sh the table below.
Substitutable Resources
Resources in a firm that can be replaced by other resources to perform the same function, affecting competitive advantage and strategic planning.
Value Chain
A series of activities performed by a company to deliver a valuable product or service to the market.
Strategic Importance
Significance associated with a decision or action that affects the long-term objectives and competitive positioning of an organization.
Strategic Management
The ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives.
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