If 20 Samples of Size 7 Are Drawn,with $\overline { \overline X }$

question 94

Multiple Choice

If 20 samples of size 7 are drawn,with $\overline { \overline X }$

= 33.33 and $\bar { R }$
= 5) 65,what are the LCL and UCL for the R chart?

• A)[2.345,8.955]
• B)[.076,1.924]
• C)[.415,1.585]
• D)[.429,10.871]

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Definitions:

Sunk Costs

Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.

Opportunity Costs

The missed opportunity to benefit from different options when a single choice is made.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Diseconomies of Scale

The phenomenon where an increase in production leads to higher costs per unit due to inefficiencies that arise from scaling up operations.