In 20 Samples,there Are 80 Units Defective

question 54

Multiple Choice

In 20 samples,there are 80 units defective.If each sample consists of 100 units,find the appropriate UCL and the LCL for the p chart.

• A) [.0269,.0531]
• B) [.0204,.0596]
• C) [.0380,.0420]
• D) [0,.0988]

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Definitions:

Maximin Strategy

A decision-making strategy in which the decision-maker aims to maximize the minimum gain or minimize the maximum loss, often used in game theory and decision theory.

Minimum Gain

The least amount of profit or advantage that can be achieved in a given transaction or situation.

Maximum Gain

The highest possible profit or advantage that can be achieved in a particular situation.

Nash Equilibrium

A situation in strategic interactions where each participant's choice is optimal, considering the decisions of others.