Examlex
Besides reducing worker alienation and stimulating productivity, ESOPs allow firms other benefits, such as substantial tax savings.
X-bar Chart
A type of control chart used in statistical process control for monitoring the mean values of a sample over time to detect any significant process changes.
Acceptance Sampling
A statistical quality control method where a random sample of items from a lot is inspected to determine if the entire lot should be accepted or rejected.
Process Control
The practice of managing and maintaining the variables within a production process to ensure the output meets the desired criteria.
Sample Averages
The mean values calculated from subsets of a larger population or dataset to represent or estimate the population's characteristics.
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