Examlex
Social Security is a pay-as-you-go system that depends on how many people are paying into it.
Manufacturing Process
The procedure through which raw materials are transformed into finished products through various mechanical, chemical, or physical operations.
Upper Control Limit
The highest value on a control chart that signals the process is still in control or within predetermined bounds.
Sample Proportion
The fraction or percentage of items in a sample that are part of a particular category, representing a snapshot of that category in the larger population.
Random Variation
The unpredictable fluctuation in data points that results from a multitude of unspecified factors.
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