Examlex
If the correlation between two variables is 0.876,how much of the variance has been accounted for?
LTPD
Lot Tolerance Percent Defective, a statistical measure in quality control that represents the maximum acceptable defect rate for a batch of products.
Defects
Imperfections or faults in a product that cause it to fall short of its intended quality or functionality.
Natural Variations
Differences in data points that occur naturally within a process, resulting from a multitude of small, random factors.
Control Limits
The boundaries in control charts within which a process is considered to be in a state of statistical control, and beyond which the process is considered out of control.
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