A quality analyst wants to construct a control chart for determining whether four machines, all producing the same product, are in control with regard to a particular quality attribute. Accordingly, she inspected 1,000 units of output from each machine in random samples, with the following results
What is the estimate of the standard deviation of the sampling distribution of sample proportions for this process?
Definitions:
Lower Of Cost
A principle requiring inventory to be recorded at the lower of its original cost or current market value, ensuring valuation is not overstated.
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