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Figure: Demand for DVDs
-(Figure: Demand for DVDs) Look at the figure Demand for DVDs. A decrease in the price of movie tickets (a substitute) would result in a change illustrated by the move from:
Control Limits
Statistical boundaries within a control chart that signal when a process is out of control and corrective action may be needed.
P-bar
The average proportion of units in a sample that exhibit a particular characteristic, used in quality control processes.
Z-value
A statistical measure representing the number of standard deviations from the mean a data point is.
Lower Limit
The lowest value in a set of data, or the minimum value that a certain variable, function, or sequence can assume.
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