Discuss the advantages and disadvantages of the following, Engineering Mathematics

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Discuss the advantages and disadvantages of the following

Question: Discuss the advantages and disadvantages of the following strategies in control chart design. In particular, what are the economic trade-offs attendant to each strategy?

a. Choosing a very small value of α.

b. Choosing a very small value of β.

c. Choosing a large value of n.

d. Choosing a small value for the sampling interval.

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Engineering Mathematics: Discuss the advantages and disadvantages of the following

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Engineering Mathematics: Discuss the advantages and disadvantages of the following

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