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Q 1 : A certain business process is under its management scrutiny for cost reduction purposes. A critical measurement to be targeted is x ,
Q: A certain business process is under its management scrutiny for cost reduction purposes. A critical measurement to be targeted is which is historically distributed as normal with a mean of units and a standard deviation of units. A process improvement initiative is necessary when the sample mean of random observations exceeds above the population mean by more than of the population standard deviation. With no other changes to this process, what percentage of times must they initiate a call for process improvement?
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