Random Samples of Four Items Are Selected from a Manufacturing

question 22

Multiple Choice

Random samples of four items are selected from a manufacturing process at regular intervals and a certain quality characteristic is measured. After 25 samples,ΣX = 15,350 and ΣR = 411.4. To construct a range chart,what is the LCL for the range?

• A)602.004
• B)411.400
• C)625.666
• D)0.000

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Definitions:

LIFO Cost Flow

An inventory valuation method that assumes the last items placed into inventory are the first ones to be sold.

Cost of Goods Sold

The immediate expenses linked to the creation of products a company sells, encompassing costs for materials and labor.

Laptop Computers

Portable personal computers suitable for mobile use, characterized by their compact size, low weight, and capability to perform most tasks of desktop computers.

FIFO Cost Flow

An inventory valuation method where the cost of goods sold is based on the cost of the oldest inventory items, with the assumption that the oldest items are sold first.