Examlex
The exchange rate of currencies between countries affects the prices of the goods purchased and sold between them.
P Charts
Control charts used for monitoring the proportion of defective items in a process over time.
Control Charts
Statistical tools used in quality control processes to analyze how a process changes over time, with lines representing upper and lower limits.
Lower Control Limit
The threshold in control charting below which the process variability is considered to be in a state of statistical control but indicating potential performance issues.
Control Charts
Tools used in quality control to monitor, control, and improve process performance over time by charting the values of a statistical measure and comparing them to predetermined limits.
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