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Instruction 18-17
The manufacturer of canned food constructed control charts and analysed several quality characteristics.One characteristic of interest is the weight of the filled cans.The lower specification limit for weight is 2.95 kilograms.The table below provides the range and mean of the weights of five cans tested every 15 minutes during a day's production.
-Referring to Instruction 18-17,estimate the percentage of the cans whose weight is inside the specification limit.
Excess Supply
A situation in which the quantity of a good or service provided exceeds the quantity demanded at a given price.
Market Equilibrium
A state where the supply of a product matches its demand, resulting in stable prices.
Quantity Demanded
The aggregate quantity of a product or service that buyers are prepared to buy at a given price.
Excess Supply
A situation where the quantity of a product offered for sale by producers exceeds the quantity that consumers are willing to buy at a given price.
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