The UCL and LCL for an chart are 100 ounces and 95 ounces, respectively. The sample size is 5. The inspector looks at the very next unit and finds that it is 108 ounces. What can you conclude? Why?
What will be an ideal response?
Nothing yet. The weight of an individual unit is not relevant for the chart. You must compare the average of a sample, which will balance the high and low observations.
You might also like to view...
The board of directors of Wilcox, Inc., has noted a 7% drop in the market price of its preferred stock and decides to purchase 100,000 shares of the stock for an amount below the redemption price of the stock. Under these circumstances, which of the following is a true statement?
A. The corporation will realize a taxable gain as a result of the transaction. B. The preferred stock so acquired must be retired and may not be held as treasury stock. C. The corporation may not acquire its own shares unless the articles of incorporation so provide. D. Such shares may be purchased by the corporation to the extent of unreserved and unrestricted retained earnings.
Which of the following is an advantage of a cash offer over a rights offer?
A) The underwriter can credibly attest to the issue's quality. B) The overall costs are lower. C) There is no loss imposed on the current holders of stock. D) There are lower underwriting fees.