A Firm Using a 3-Sigma Statistical Quality Control Program Would

question 33

Multiple Choice

A firm using a 3-sigma statistical quality control program would expect to find an average of how many defects per million samples?

• A) 3 times the standard deviation of the number of defects
• B) 6 times the mean number of defects
• C) 3
• D) 2,700

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Definitions:

United States

Refers to a country located primarily in North America, comprising 50 states and known for being a major political and economic power globally.

Stated Value

A value that is assigned to a share of stock by the issuing company, which may bear no relation to its market value.

Par Value

Par value is the nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

No-Par Common Stock

Shares issued without a par value, meaning their value is determined by the market rather than a set face value.