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How does the lender of last resort potentially create a moral hazard problem?
Specification Limit
Predetermined bounds within which a product or process’s performance must fall to be considered acceptable, often used in quality control.
Standard Deviation
A statistic that measures the dispersion or spread of a set of numbers.
Process Capability Index
A statistical measure that quantifies how well a process is able to produce output within specified limits.
Specification Fill Weight
The predetermined or designed weight of product that a package is intended to hold.
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