What is the probability of a Type I error for a control chart with limits set at 3 standard deviations from the mean?
a) 0.00%
b) 0.26%
c) 4.56%
d) 20.00%
e) 50.00%
Answer: b
Marketing MCQ
Marketing Supply Chain
What is the probability of a Type I error for a control chart with limits set at 3 standard deviations from the mean?