A P Chart Is to Be Developed for Use in Quality

question 15

Multiple Choice

A p Chart is to be developed for use in quality control. The value of p is calculated to be 0.54.The sample size is 249.What would the upper control limit be?

• A) 0.5941
• B) 0.6348
• C) 0.4452
• D) 0.5460
• E) 0.5340

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Definitions:

Bond Discount Amortization

This is the process of gradually expensing the difference between a bond's face value and its purchase price over its life, reflecting an increase in the bond's book value.

Straight-Line Amortization

A method of uniformly reducing the book value of an intangible asset over its useful life.

Interest Expense

The expenditure faced by a company for financing through borrowed resources during a defined time.

Book Value

The value of a fixed asset, as recorded on a balance sheet, which represents its historical cost minus accumulated depreciation.