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Why does Marquis discuss the discontinuation account and the desire account?
Standard Deviation
A gauge of the spread or scatter of numbers in a collection.
Lower Control Limit
The lower control limit is the statistical lower boundary on a control chart, helping to identify process variation or signal the need for corrective action if data points fall beyond this limit.
Upper Control Limit
The highest value on a control chart that signals the process is in control and within set parameters.
Sample Proportion
The fraction or percentage of individuals or items in a subset of a population that meet a specified criterion, used to estimate the true proportion.
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