Define Statistically Stable (Or "Within Statistical Control")

question 32

Essay

Define statistically stable (or "within statistical control"). Show examples of run charts which illustrate processes which are not statistically controlled. Discuss the pattern which indicates
the process is not statistically controlled for each example.

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Definitions:

Retained Earnings

Accumulated net incomes of a company not paid out as dividends but retained for reinvestment in the business or to pay off debts.

Shareholders' Equity

This represents owners' claims after all liabilities have been deducted from the total assets of a company.

Total Liabilities

The sum of all financial obligations a company owes to outside parties.

Dividends Declared

An announcement by a company's board of directors of a dividend payment to shareholders, indicating the amount and payment date.