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A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results:
If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control?
Beginning Balance
The amount of money or value available in an account at the start of a new financial period.
Ending Balance
The amount of money or value in an account at the end of a financial period.
Cash Dividend
A payment made by a company out of its profits to its shareholders, usually in the form of cash.
Bonds Payable
Long-term liabilities represented by bonds that a company has issued, which it is obligated to pay back at a future date along with interest payments.
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