Author Question: A process is said to be under statistical control when a. there is no variation. b. there is a ... (Read 53 times)

jCorn1234 · **on:** Jun 24, 2018

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