Control charts are widely accepted and used in manufacturing industry. However, surprisingly often the data sets that they are used to analyse come from markedly non-normal populations. A modification ...

This course teaches the basic statistical principles, state-of-the-art concepts, advanced tools, and available techniques for statistical process monitoring, quality fault detection, and continues ...

Process inspection schemes using control charts with warning lines are considered and the properties for some schemes based on the observations from the last few samples are evaluated. Tables of ...

Control chart- a time-ordered plot of sample statistics, used to distinguish between random and nonrandom variability Control limits- the dividing lines between random and nonrandom deviations from ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...