Examlex
If consumers believe the price of iPads will decrease in the future, this will cause the demand for iPads to decrease now.
Lower Control Limit
The lower control limit is the lower threshold on a control chart in statistical process control, beneath which the process variability is considered to be in a state of control.
P Chart
A type of control chart used to monitor the proportion of nonconforming units in a manufacturing or business process.
Sample Proportion
The fraction of the sample that exhibits a particular attribute or characteristic, often used in survey data.
Defective Units
Items or products in a batch or production run that fail to meet quality standards or specifications.
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