In Order to Determine If the Time Required for Students

question 10

Multiple Choice

In order to determine if the time required for students to take a final exam is excessive,five students were selected at random from each of six classes.If the process average is 123.77 minutes and the average range is 66.83 minutes,the upper and lower control limits of a 3-sigma x-chart are

• A)UCL = 187.35,LCL = 109.95
• B)UCL = 157.80,LCL = 89.80
• C)UCL = 176.66,LCL = 120.33
• D)UCL = 162,53,LCL = 89.01

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Definitions:

Operating Lease

A leasing agreement that allows for the use of an asset but does not convey rights of ownership, often treated as an operational expense rather than a capital expense.

Lease Liability

An obligation representing the present value of future lease payments under a leasing agreement.

Present Value

The current valuation of a future sum or ongoing cash flows, given a specified rate of interest.

Sales-type Lease

A lease agreement where the lessor recognizes immediate profits on the sale of an asset while retaining its ownership.