Examlex
In _____, there is an intense focus on identifying and eliminating common causes of waste that add cost, time, and effort to the product or service while not adding value to the customer.
Standard Error
An estimate of the standard deviation of the sampling distribution of a statistic, often used to measure the accuracy of sample means.
Sample Proportion
The ratio of the number of times an event occurs to the total number of trials or times the activity is performed.
Control Chart
A graph used to study how a process changes over time, displaying data points in time order and often including control limits to detect anomalies.
Standard Error
The standard deviation of the sampling distribution of a statistic, most commonly of the mean.
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