Examlex
Which of the following is NOT disclosed in a mutual fund prospectus?
Consumer's Risk
The probability of accepting a batch of products that fails to meet quality standards during the sampling or inspection process, typically associated with Type II statistical errors.
Process Central Line
A line on a control chart representing the average or expected value of the process being monitored.
X-bar Chart
A type of control chart used for monitoring the mean value of a process over time.
Natural Variation
Variability that affects every production process to some degree and is to be expected; also known as common cause.
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