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Critical Thinking Questions Case 1-1
You have created a simple worksheet like the one in the accompanying figure to help you keep track of your available funds based on your monthly costs for rent, gas, food, and entertainment. In the accompanying figure, the formula in cell C7 can be copied to cells C8 and C9. What Excel feature would you use to accomplish this?
Process Range
The difference between the maximum and minimum values in a set of data, reflecting the variability in a process.
Assignable Cause
A specific, identifiable source of variation in a process, distinct from random variation and often indicating a need for corrective action.
Inadequate Training
A situation where employees have not been provided sufficient or appropriate training to perform their jobs effectively.
Central Limit Theorem
The theoretical foundation for \(\overline{x}\)-charts, which states that regardless of the distribution of the population of all parts or services, the x distribution tends to follow a normal curve as the number of samples increases.
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