Suppose That and R Charts Are Based on Subgroups $\pm$

question 31

Multiple Choice

Suppose that and R charts are based on subgroups of size four are being used to monitor the tire diameter size of a new radial tire manufactured by a tire company.The and R charts are found to be in statistical control with inches.A histogram of the tire diameter measurements indicates that distribution of these measurements is approximately normally distributed. If the tire diameter specifications are 50 inches $\pm$ 1 inch,is the process capable of meeting the specifications?

• A)Yes
• B)No

---

Definitions:

Effective Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.

Bank Discounts

An interest deduction from the face value of a note, payable by the borrower at the time a loan is issued.

Reversing Entry

An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.

Interest Accrued

The accumulated interest on a loan or bond that has not yet been paid to the lender.