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Flexible Factories Differ from Traditional Factories by

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Flexible factories differ from traditional factories by


Definitions:

Variance

A measure of how much values in a data set deviate from the mean value.

Data

Information collected for reference or analysis, often numerical.

Squared Deviation

The squared differences between each observation and the mean, used as part of the calculation for variance.

Variance

A measure of the dispersion representing the average of the squared differences from the Mean.

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