Examlex
A just-in-time system of inventory control requires that manufacturers coordinate production with suppliers so that the raw materials or components arrive just as they are needed in the production process.
Range
The difference between the maximum value and minimum value in a data set.
Central Tendency
Statistics referring to the middle or typical value within a dataset, represented by measures such as mean, median, and mode.
Mean
The arithmetic average of a set of numbers, calculated by adding all the numbers together and dividing by the count of those numbers.
Median
A statistical measure representing the middle value in a sorted, ascending or descending, list of numbers.
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