Discuss the advantages and disadvantages of the following strategies in control chart design. In particular, what are
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Discuss the advantages and disadvantages of the following strategies in control chart design. In particular, what are the economic trade-offs attendant to each strategy?
a. Choosing a very small value of .
b. Choosing a very small value of .
c. Choosing a large value of n.
d. Choosing a small value for the sampling interval.
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ISBN: 9781478623069
7th Edition
Authors: Steven Nahmias, Tava Lennon Olsen
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