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The major classes of stock are
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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