On a Control Chart, a Type I Error Occurs When

question 145

True/False

On a control chart, a type I error occurs when the employee concludes that the process is in control when it is actually out of statistical control.

---

Definitions:

Lawful

That which is permitted by law; adhering to legal statutes and regulations.

Concerted Action

A collaborative effort by two or more parties to achieve a specific goal, often used in labor disputes.

Wholly Owned Subsidiary

A company whose entire share capital is held by another company.

Monopoly Power

The ability of a single seller in a market to control the prices and supply of a product or service, limiting competition.