A process is said to be under statistical control when a. there ...

[jCorn1234]

A process is said to be under statistical control when
 a. there is no variation.
 
  b. there is a slow increasing trend in the means.
 
  c. only random variation is present.
 
  d. a cyclic pattern is present.

Question 2

Suppose we compare the difference between the NPV of a financial model in which the means are entered for all input random variables and the NPV of a financial model in which the most likely values are entered for all input random variables. A large difference between the NPV's demonstrate:
 a. the value at risk (VAR)
  b. the effect of randomness
  c. the flaw of averages
  d. the bias of the analyst
  e. none of these choices

[britb2u]

Answer to Question 1

c

Answer to Question 2

c

[jCorn1234]

TYSM

[laurnthompson]

Thanks for the timely response, appreciate it