You Stopped a Production Process Because You Felt the Process

question 122

Short Answer

You stopped a production process because you felt the process was out of control according to your control chart.However,it turns out the process was in control,costing you $20,000 in downtime of the equipment and laborers.This is an example of a costly Type____________ error.

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Definitions:

μ > 8

This inequality states that the population mean (μ) is greater than 8.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, suggesting there is a significant difference or effect.

≠ Sign

Represents inequality, used in mathematics and statistics to denote that two values are not equal.

Mediation

A form of conflict resolution in which an impartial third party facilitates communication and negotiation between disputing parties to help them reach a mutually acceptable agreement.