Out-of-control rules. Most control charts use three sigmas (standard deviations) to set the upper and lower control

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Out-of-control rules. Most control charts use three sigmas (standard deviations) to set the upper and lower control limits. For a run chart, what is the probability that an observation would fall beyond 3s from the mean based on random chance variation alone? What assumptions do you have to make to answer this?

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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