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Find the standard deviation of the Poisson random variable. Round to three decimal places.
-The number of calls received by a car towing service in an hour has a Poisson distribution with parameter = 1.860. Let X denote the number of calls received by the service in a randomly selected
Hour. Find the standard deviation of X.
Quality Control Chart
A graphical tool used in process monitoring to analyze and understand variability in production or service delivery.
Defects Per Unit
A measure of the average number of defects found in each unit of a product.
Acceptance Sampling
A statistical quality control method used to decide whether to accept or reject a batch of material based on the inspection of a sample, aiming to ensure product quality while minimizing inspection costs.
LTPD
Lot Tolerance Percent Defective, a statistical measure in quality control that represents the maximum acceptable defect rate for a batch of products.
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