Find probability of successive points plotting outside sigma
For a 3 sigma control chart, what is the probability of four successive points plotting outside 2 sigma limits? If such a case happens what would it imply? Show calculations.
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For a 3 sigma control chart, what is the probability of four successive points plotting outside 2 sigma limits? If such a case happens what would it imply?
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Pamela Anderson's Retail Boutique asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For the year 2006, they had the following data:
For a product at an AQL of 2.5% and lot size of 5000 using MIL standard 105E, what is the probability of going to tightened inspection if the incoming lot is 1% defective?
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