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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Define a control chart - Business Mathematics and Statistics

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Question

Define a control chart

Sum
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Solution

A control chart is essentially a graphic device for presenting data so as to directly reveal the frequency and extent of variations from established standards or goals.

Control charts are simple to construct and easy to interpret and they tell the manager at a glance whether or not the process is in control, i.e within the tolerance limits.

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Chapter 9: Applied Statistics - Exercise 9.3 [Page 226]

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Samacheer Kalvi Business Mathematics and Statistics [English] Class 12 TN Board
Chapter 9 Applied Statistics
Exercise 9.3 | Q 7 | Page 226
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