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To reduce manual errors, Debronth Inc., a machinery manufacturing company, automated most of its production processes using Computer Numeric Control (CNC) machines. This reduced the labor cost, wastage of raw materials, and rejection of finished goods due to quality issues. In the context of management, the automation of production processes at Debronth Inc. exemplifies _____.
Standard Deviation
A statistic that measures the dispersion or variation from the average for a set of data, indicating how spread out the data points are.
Consumer's Risk
The probability of accepting a batch of products that fails to meet quality standards during the sampling or inspection process, typically associated with Type II statistical errors.
Process Central Line
A line on a control chart representing the average or expected value of the process being monitored.
X-bar Chart
A type of control chart used for monitoring the mean value of a process over time.
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