If You Change the Control Limits from ±3 Standard Errors

question 94

Short Answer

If you change the control limits from ±3 standard errors from the centerline to ±2 standard deviations from the centerline,this ____________________ the probability of a Type I error and ____________________ the probability of a Type II error.

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Definitions:

Random Values

Numbers or outcomes generated in a manner that follows no discernible pattern, often used in simulations or statistical sampling.

Uncertain Inputs

Factors or variables in a model or process that have unknown or unpredictable values, affecting outcomes and decision-making.

Monte Carlo Sampling

A statistical technique that utilizes random sampling and probability to solve problems that might be deterministic in principle.

Latin Hypercube Sampling

A statistical method used in simulations that stratifies the sample space to ensure a more comprehensive exploration of variables across their entire range of values.