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Determine the upper and lower control limits for an x̅ chart. Construct the control chart and explain how it can be used. The sample means were calculated for 30 samples of size n=10 for a process that was judged to be in control. The means of the 30 x̅ -values and the standard deviation of the combined 300 measurements were x̅=20.74 and s=.87, respectively | Numerade
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SOLVED: Compute /- 2s control limits for the control chart for forecast errors using just data from the original nine periods (Round your intermediate calculations to decimal places and final answer to 2 decimal places )Control limits areSuppose actual sales for the next five years turn out as follows:Year Sales (000 )76 . 0083 . 20 87 . 3092.5099 .00Is the forecast performing adequately?NoYes
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