A Control Chart on a Process Characteristic Has Been Shown

question 34

Multiple Choice

A control chart on a process characteristic has been shown to be in control.It has been determined that the process characteristic is approximately Normally distributed with an estimated mean = 36.5 and standard deviation
= 1.25.The customer has indicated that the output from the process is acceptable if the measured characteristic is between a lower specification limit of 30 and an upper specification limit of 40.What are the estimated values of and ,respectively,for this process output?

• A) = 1.33 and = 1.73
• B) = 1.33 and = 0.93
• C) = 1.33 and = 1.33
• D) = 0.87 and = 0.93
• E) = 0.87 and = 1.73

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Definitions:

Cost of Goods Sold

Expenses specifically associated with the production of a company's sold products, such as materials and labor.

Ending Inventory

The total value of a company's merchandise, raw materials, and finished and unfinished products which have not yet been sold, at the end of an accounting period.

Inventory Unit Costs

The cost associated with a single unit of inventory, taking into account all costs of acquisition, production, and other direct costs.

Inventory Turnover

A financial ratio that shows how many times a company's inventory is sold and replaced over a specific period.