X chart limits are control limits and not natural limits
Indicate whether the statement is true or false
FALSE
Business
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Use the sales data given below to determine:
Year Sales (units) Year Sales (units) 1995 130 1999 169 1996 140 2000 182 1997 152 2001 194 1998 160 2002 ? (a) The least squares trend line. (b) The predicted value for 2002 sales. (c) The MAD. (d) The unadjusted forecasting MSE.
Business
A backhoe can dig 180 feet of trench per hour and costs $720 per hour to hire and operate. A ditch digger can dig 6 feet of trench per hour. Based on this information, what is the most a ditch digger can charge for per hour when digging ditches?
A) $24.0 per hour B) $29.0 per hour C) $4.0 per hour D) $48.0 per hour
Business