You Are Developing an X-Bar Chart Based on Sample Means

question 46

Multiple Choice

You are developing an X-bar chart based on sample means. You know the standard deviation of the sample means is 4, the desired confidence level is 99 percent, and the average of the sample means is 20. Which of the following is your LCL?

• A) 36
• B) 24
• C) 9.68
• D) 16.79
• E) 30.32

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Adjusting Entry

An accounting record made to update the balances of accounts to reflect the true financial position before preparing financial statements.