Question: instructions: Question Incomplete Question Complete A quality control manager uses statistical process control to monitor a key step in a production process. The control chart

instructions: Question Incomplete Question

instructions: Question Incomplete Question Complete A quality control manager uses statistical process control to monitor a key step in a production process. The control chart has been designed with three-sigma limits. A sample is taken and analyzed, and the resultant point exceeds one of the control limits established on the chart. The quality control manager concludes that the process is actually in control as this extreme observation from the sample is a sampling error. What percent of the time will this occur? Between 50% and 21% Between 20% and 11% Between 10% and 1% Less than 1% In the process of an economic order quantity (EOQ) inventory analysis, if the holding cost for an item doubles and all other parameters remain unchanged, which of the following will happen? The order quantity will increase, and the reorder point will decrease. The order quantity will increase, and the reorder point will increase. The order quantity will decrease, and the reorder point will remain unchanged. The order quantity will remain unchanged, and the reorder point with increase

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