The LogWorth Statistic Is a Measure of the Probability That

question 52

True/False

The LogWorth statistic is a measure of the probability that can be attributed to the response that has occurred.

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Definitions:

Quality

The ability of a product or service to meet customer needs.

Costs

The expenditure incurred or the resources consumed in the process of producing goods or services or carrying out any activity.

Kaizen

A focus on continuous improvement.

Continuous Improvement

A continuous endeavor to enhance products, services, or processes through both small and significant advancements.