A ________ Is the Quantification of an Objective for a Designated

question 38

Short Answer

A ________ is the quantification of an objective for a designated period of time.For example,if an organization has an objective of increasing profitability,that objective is turned into quantified targets

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Definitions:

Standard Deviation

An indicator of the spread of a dataset relative to its mean, used to quantify the degree to which individual data points differ from the average.

Monthly Production

The total output or production of a manufacturing process or facility in a single month.

Probability Distribution

Describes how the values of a random variable are distributed, showing the probabilities of different outcomes occurring.

Variance

A measure of the spread or dispersion of a set of values, calculated as the average of the squared deviations from the mean.