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The Major Classes of Stock Are

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The major classes of stock are


Definitions:

X-bar And R-charts

Tools used in statistical process control; the X-bar chart monitors the mean of a process whereas the R-chart monitors the range or dispersion.

Batch

A grouping of a number of items processed or produced together as a single lot.

Operating Characteristics Curve

A graphical representation that shows the relationship between the capability of a process and its performance with respect to different criteria.

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