Intro to Probability for Business
An np-chart is a type of control chart used in quality control to monitor the number of defective items in a sample of fixed size. This chart helps businesses track whether the proportion of defective items is stable over time and allows them to detect any significant changes in the production process. It focuses on the count of nonconforming units, making it particularly useful for attribute data where items are categorized as either 'defective' or 'non-defective'.
congrats on reading the definition of np-chart. now let's actually learn it.