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Use the Empirical Rule to Describe Data That Are Bell Shaped
-A severe drought affected several western states for 3 years. A Christmas tree farmer is worried about the drought's effect on the size of his trees. To decide whether the growth of the trees has been retarded, the farmer decides to take a sample of the heights of 25 trees. Typically trees of this age have a mean height of 65 inches with a standard deviation of 9 inches. Assuming the distribution is bell shaped, where do you expect middle of the tree heights to fall?
Stability
The state of being steadfast and not prone to change, which ensures reliability and predictability in processes or systems.
Weighted Point Evaluation
A method used to evaluate and compare suppliers based on certain criteria, where each criterion has a different level of importance or "weight".
Supplier Evaluation Process
A systematic approach to appraising and scoring suppliers based on their performance, reliability, quality, and capability to meet requirements.
Evaluation Criteria
The standards or benchmarks used to assess the quality, performance, or suitability of a product, service, or supplier.
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