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According to the empirical rule,if the data form a "bell-shaped" normal distribution,percent of the observations will be contained within 1 standard deviation around the arithmetic mean.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are significant in cost.
Specific Process
A defined sequence of activities or steps designed to achieve a particular outcome, often unique to a particular field or industry.
Direct Materials
The raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.
Direct Labor
The wages or salaries paid to employees who are directly involved in producing goods or providing services.
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