Match the Following Terms with Their Definitions

question 14

Multiple Choice

Match the following terms with their definitions.
-Equal space between each variable

• A) Mean
• B) Median
• C) Mode
• D) Continuous data
• E) Nominal data
• F) Interval data
• G) Categorical data
• H) Ordinal data

Learn the definition and scope of small business and explore career opportunities within this sector.

Recognize the skills and attitudes entrepreneurs need, such as risk tolerance and ability to handle ambiguity.

Understand the managerial functions and skills required to run a successful business, including planning and controlling.

Identify common challenges faced by entrepreneurs and strategies to overcome them.

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Definitions:

Assignable Variation

Assignable variation is variation in a process that can be traced to specific causes, such as machine malfunctions or operator errors, as opposed to random variation.

Average Run Length

The expected number of items inspected before a change is detected, commonly used in quality control.

False Alarm

An incorrect signal or detection indicating the presence of a condition or attribute that is not actually present.

Control Limits

The boundaries defined in control charts within which a process statistic is considered to be in a state of statistical control.