If a Sample of Parts Is Measured and the Mean

question 114

Multiple Choice

If a sample of parts is measured and the mean of the measurements is outside the control limits, the process is:

• A) in control, but not capable of producing within the established control limits.
• B) out of control and the process should be investigated for assignable variation.
• C) within the established control limits with only natural causes of variation.
• D) monitored closely to see if the next sample mean will also fall outside the control limits.
• E) none of the above.

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Definitions:

Equilibrium Level

In economics, the point at which market supply equals demand, and there is no tendency for change in price or quantity.

Potential Level

The maximum output an economy can produce without leading to inflation, when resources such as labor and capital are fully utilized.

Classical Economists

Economists from the 18th and 19th centuries who focused on the ideas of free markets, the law of supply and demand, and the role of competition in regulating economic activity.

Investment

The allocation of resources, usually money, with the expectation of generating an income or profit.