Examlex
Estimate the variance for the following probability distribution to two decimal places.
Feedback Control
A mechanism by which a system regulates itself by monitoring its own output to make adjustments and achieve desired results.
Quality Control
The process of ensuring that products and services meet customer expectations through systematic measurement and regulation of production processes.
Feedforward Control
A management technique that involves collecting and analyzing performance data in advance of an action, allowing for preemptive adjustments to improve outcomes.
Production-Centered
Focused on the processes of producing goods and services, emphasizing efficiency and output.
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