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A random sample of 49 cast aluminum pots is taken from a production line once every day. The number of defective pots is counted. The proportion of defective pots has been closely examined in the past and is believed to be 0.05. The sample proportions for the week are shown in the accompanying table. Is the production process in control?
Norm-based Rules
Guidelines or standards of behavior that are based on societal or cultural norms within a specific community or group.
Forecasting Method Categories
The classification of different approaches and techniques used to predict future aspects of business operations, such as sales and market trends.
Norm-based Rules
Represents guidelines or principles derived from societal norms or customary practices, often informing behavior or processes within organizations.
Historical Data
Refers to collected information and records from past periods used to analyze trends, forecast future occurrences, or serve as a basis for research.
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