In or Out of Control? Refer to Figures 3.1 and 3.2. Assume the following costs: a. Compute
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In or Out of Control?
Refer to Figures 3.1 and 3.2. Assume the following costs:
a. Compute the critical probability level, p, for each combination of costs, D, E and F. Explain how p is related to different levels of c.
b. Explain how the cost to correct an out of control state,
c, might be incurred.
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