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What Is the Average Run Length (ARL)until an Control

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What is the average run length (ARL)until an What is the average run length (ARL)until an   control chart signals a false alarm if the control limits are set at ±3 standard errors from the centerline? control chart signals a false alarm if the control limits are set at ±3 standard errors from the centerline?


Definitions:

Net Price

The price of a good or service after all discounts, rebates, and other cost reductions have been applied, not including additional charges such as shipping or taxes.

Complement Method

A mathematical technique used to simplify the process of subtraction by utilizing the "complement" of a number.

Cash Discount

A reduction in an invoice amount available to the buyer for paying all or part of the amount due within a stated period of time.

Invoice Date

The date stated on an invoice; the beginning of the discount period.

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