A Process That Is Assumed to Be in Control with Limits

question 98

Multiple Choice

A process that is assumed to be in control with limits of 89 ± 2 had sample averages for the x-bar chart of the following: 87.1, 87, 87.2, 89, 90, 88.5, 89.5, and 88. Is the process in control?

• A) Yes.
• B) No, one or more averages exceeded the limits.
• C) Not enough information to tell.
• D) No, there is a distinguishable trend.
• E) No, two or more consecutive points are very near the lower (or upper) limit.

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Definitions:

Share Control

The management or influence over the voting rights and other aspects of a company’s shares, often indicating power to make significant decisions.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.

S Corporation

A special type of corporation in the United States that meets specific Internal Revenue Code requirements, allowing profits to be passed on to shareholders and taxed at individual rates.

Limited Liability Company

An entity configuration that fuses the single-tier tax system seen in a sole proprietorship or partnership with the corporation’s attribute of shielding personal assets from business liabilities.