If a Process Is in Control, Less Than 0

question 80

True/False

If a process is in control, less than 0.3% of all the points that represent the process output such as the average measurement or the proportion defective should be beyond the upper and lower control limits.

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost compared to others.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Productive Advantage

Occurs when a country, business, or individual produces a good or service at a lower opportunity cost than competitors, leading to more efficient production.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service with a lesser opportunity cost compared to its rivals.