You Want to Determine the Lower Control Line for a P-Chart

question 12

Multiple Choice

You want to determine the lower control line for a p-chart for quality control purposes. You take several samples of a size of 50 items in your production process. From the samples, you determine the fraction defective is 0.006 and the standard deviation is 0.001. If the desired confidence level is 99.7 percent, which of the following is the resulting LCL value for the line?

• A) 0.0
• B) 0.002
• C) 0.003
• D) 0.004
• E) None of these choices are correct.

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Definitions:

Competitors

Other businesses that offer similar products or services in the same market, competing for the same customer base.

Competition

The rivalry among businesses to attract customers, increase sales, and achieve a dominant position in the market.

Price

The sum of money anticipated, necessary, or provided as a payment for an item.

Product Life Cycle

The sequence of stages a product goes through from introduction to growth, maturity, and decline in the market.