If a Process Has Only Natural Variations and Follows a Normal

question 69

Short Answer

If a process has only natural variations and follows a normal distribution, ________ percent of the time the sample averages will fall inside the ±3-sigma control limits.

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Definitions:

Forecasts

Predictions or estimations about future events or trends, often based on statistical models and analysis of past data.

Smoothing Constant

A factor used in exponential smoothing methods for forecasting, affecting the weight given to historical data.

Forecast

The process of making predictions about future events or trends based on past and current data analyses.