Examlex
If you borrow money from a bank and the bank collects its fee at the time the loan is made, the fee is called a:
P Chart
A type of control chart used for monitoring the proportion of defective items in a process over time.
Control Charts
Graphical tools used to determine if a manufacturing or business process is in a state of statistical control.
Sample Proportion
The ratio or fraction of sample observations that belong to a certain category or that exhibit a particular attribute or characteristic.
Centerline
In statistical process control, the central value around which data points fluctuate, often representing the process average.
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