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A foundry produces circular utility access hatches (manhole covers) . Currently, 120 covers are produced in a 10-hour shift. If labour productivity can be increased by 20%, it would then be
Variability
The extent to which data points in a dataset differ from each other and from the mean of the dataset.
Extreme Values
Refers to the maximum and minimum values in a given data set, indicating the range's limits.
Range
The difference between the highest and lowest values in a data set, indicating its spread.
Coefficient of Variation
A metric that quantifies the spread of data points around the mean within a dataset, represented as a percentage of the mean itself.
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