A P Chart Is to Be Developed for Use in Quality

question 31

Multiple Choice

A p chart is to be developed for use in quality control.The value of p is calculated to be 0.05.The sample size is 50.What would the upper control limit be?

• A)0.142
• B)-0.042
• C)0.408
• D)0.092
• E)0.642

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, indicating the profitability over a specified time period.

Total Assets

The sum of all assets owned by an entity, including both current and non-current assets.

Time Period Assumption

An accounting principle that assumes a business's complex and ongoing activities can be divided into shorter time periods, such as months, quarters, or years.

Prepaid Expense Account

An asset account that represents payments made in advance for goods or services to be received in the future.