Suppose Previously Your Company Decided That a Process Is Out

question 108

Short Answer

Suppose previously your company decided that a process is out of control when the mean shifts by about 1 standard deviation.Now your company wants to declare a process as being out of control when the mean shifts by .50 standard deviations.In order to do this,the samples must be collected ____________________ often and/or the sample sizes must be ____________________.

---

Definitions:

Debits and Credits

Accounting entries that respectively increase asset or expense accounts and decrease liability, revenue, or equity accounts (for debits), and vice versa for credits.

Current Assets

Assets that a company expects to convert to cash or use up within one year or the operating cycle, whichever is longer.

Long-term Investments

Assets that a company intends to hold for more than one year, typically including stocks, bonds, or real estate, aimed at generating long-term income or appreciation.

Intangible Assets

Non-physical assets of value to a company, such as patents, trademarks, goodwill, and copyrights.