When No Point Lies Outside the Control Limits of a Chart,we

question 87

Multiple Choice

When no point lies outside the control limits of a chart,we conclude that variation in the process is:

• A)caused by chance and there is not enough evidence to infer that the process is out of control.
• B)caused by chance and there is enough evidence to infer that the process is out of control.
• C)caused by assignable causes and there is enough evidence to infer that the process is under control.
• D)caused by assignable causes and there is not enough evidence to infer that the process is out of control.

---

Definitions:

Amortized

The gradual reduction of a debt over a specified period of time by making regular payments of principal and interest.

Fair Value

A measure of the worth of an asset or liability, based on its current market price or the price it would fetch in an orderly transaction at the measurement date.

Controlling Interest

The ownership of a majority of a firm's stock, giving the shareholder the ability to control decisions and operations.

Amortized

The process of gradually paying off a debt or reducing the value of an intangible asset through regular payments over a set period.