Examlex
If real property is sold during the year, the property taxes must be allocated between the buyer and seller based on the number of days the property was held by each party.
Process Control Charts
Graphical displays used to monitor the stability and performance of a process over time by plotting various statistics.
P-Charts
Control charts used for monitoring the proportion of defective items in a process over time.
Statistical Process Control (SPC)
A method of quality control which employs statistical methods to monitor and control a process, helping to ensure that it operates at its fullest potential.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, calculated as the square root of the variance.
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