Answered: What is the purpose of a control chart?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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What is the purpose of a control chart?

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Step 1

The control chart can be considered as the graph used to analyze how a process transforms overtime. A control chart is made up of three important components.

Central line

The central line is used to determine the average

Upper line

The upper line is used to determine the upper control limit

Lower line

The lower line is used to determine the lower control limit

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