Which of the Following Observed on a Control Chart Suggests

question 24

Multiple Choice

Which of the following observed on a control chart suggests a process that is not in control?

• A)Points follow a smooth pattern from the lower control limit to the upper control limit
• B)The number of points above and below the center line is about the same
• C)Points fall randomly above and below the center line
• D)No points are outside the control limits

---

Definitions:

Consumer Surplus

The contrast between the total price consumers are willing to pay for a good or service and the actual amount paid.

Equilibrium Point

In economics, it refers to the state where market supply equals demand, resulting in a stable price and quantity.

S And D Curves

Supply and Demand curves; graphical representations of the relationship between the quantities of goods and services that producers are willing to sell and consumers are willing to buy at various prices.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.