Examlex
A statistical tolerancing symbol is a symbolic means of indicating that the stated tolerance is based on statistical tolerancing control.
Lubrication Cost
The expense associated with maintaining machinery through oiling and greasing to ensure smooth operation.
Variable Lubrication Cost
A variable cost associated with the amount of lubrication needed for machinery in the manufacturing process, which varies with the level of production activity.
Machine Hour
A unit of measure that represents the operation of machinery or equipment for one hour, used in allocating manufacturing overhead.
Least-squares Regression
A statistical method used to determine the relationship between variables by minimizing the sum of the squares of the differences between observed and predicted values.
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