Examlex
Which of the following best describes the consequences of an increase in the bank rate?
S Chart
A type of control chart used to monitor the variability within a sample, especially for processes that involve subgroups.
Three-Sigma Control Chart
A statistical tool used in quality control to monitor process variations, typically using a band of three standard deviations from the mean to identify outliers.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values; a low standard deviation means that the values tend to be close to the mean.
Process Capability
A statistical measure that determines a system's ability to produce output within specified limits.
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