Examlex
The substitution effect is thought to dominate the behavior of low-wage workers.
Tolerance
The allowable deviation in a manufacturing or production process, defining the range within which output is considered acceptable.
Nominal Specification
The stated or targeted value for a parameter in a design or process, serving as a benchmark for quality control.
Statistical Process Control
A methodology applied to monitor and control a process to ensure that it operates at its fullest potential, using statistical techniques.
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