Examlex
The return on investment is the ratio of cost of investment to net profit
Specification Limits
Specification limits are defined boundaries within which a product or process measure is considered acceptable according to customer or regulatory standards.
Control Charts
Tools used in statistical process control to monitor processes and ensure that they are within control limits.
Variables
Elements, features, or factors that are liable to vary or change.
Monitoring Measurements
The tracking and recording of specific variables over a period of time, often used in scientific studies and quality control.
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