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In which stage of the product life cycle are standards likely to be established?
Standard Deviations
A metric that calculates the extent of spread or variability of data points from the average value.
Bell Shaped Distribution
A probability distribution that is symmetric and unimodal, with the shape of a bell, often associated with the normal distribution.
Coefficient of Variation
A measure of relative variability that describes the standard deviation as a percentage of the mean.
Standard Deviation
A measure of the dispersion or variability within a set of numerical data, indicating how spread out the numbers are from the average.
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