Which of the Following Statements Is NOT Correct

question 42

Multiple Choice

Which of the following statements is NOT correct?

• A) Control limits represent the "voice of the process."
• B) The average of the measurement data collected is the same as the center line.
• C) Six sigma equates to 99.74% of output within the control limits.
• D) A normal distribution of a process under control will include a very small amount outside the control limits.

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Definitions:

National Saving

The total of private savings and government savings, essentially the portion of national income that is not consumed or spent by government.

Open-Economy Macroeconomic Model

A framework used to evaluate the interactions between a country’s macroeconomy and the global economy, taking into account trade, foreign investment, and exchange rates.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the real cost of funds to the borrower and the real yield to the lender.

Real Exchange Rate

A measure that adjusts the nominal exchange rate between two currencies to reflect their purchasing power.