- CFA Exams
- Forums
- General Forum
- Topic: Standard Deviation question
Author | Topic: Standard Deviation question |
---|---|
kineart @2005-04-09 02:21:46 |
On a recent college exam, I encountered a question about Upper and Lower Control limits. The question requires finding the upper and lower control limits using the following information: z = 2.5, n = 4, "The process has a known standard deviation of 3 and a mean of 15." So, is the UCL/LCL = 15 +/- (2.5*3); or is the UCL/LCL = 15 +/- (2.5*1.5) (the 1.5 comes from 3/(SQRT(4))). The question comes down to whether the standard deviation is population or sample. What do you think? Thanks. |
JVelilla @2005-04-11 02:21:58 |
what is your alpha level? it looks to me since you are using a z distribution instead of a t distribution and standard deviation is known, you should be using a population stdev, right???? |