A Statistical Control Chart

question 144

Multiple Choice

A statistical control chart:

• A)Sets control limits on the basis of managerial intuition and experience with the process.
• B)Is useful for identifying random versus systematic variances.
• C)Is useful for identifying in-control but not out-of-control observations.
• D)Depicts the expected mean (or target)value of a process,but not the allowable range around that value.
• E)Determines control limits (both upper and lower)heuristically.

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Definitions:

Probability

A measure of the likelihood that an event will occur.

Likely Viewer

An individual or demographic group considered probable to watch a particular show or type of content.

Unlikely Viewer

A demographic or individual who is considered not part of the typical audience for a specific content or media.

Probability

A scale of 0 to 1 used to express the probability that an event will take place.