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Explain why the decoding of the human genome has interesting implications for the life insurance industry.
Control Limits
Statistical boundaries in process control that indicate the acceptable range of variation for a process to remain in a state of control.
Operator
An individual or entity responsible for controlling machinery or systems, often within industrial or telecommunications settings.
Philip Crosby
An influential quality management expert best known for his philosophy that organizations should aim for "zero defects" to improve quality.
Quality Loss Function (QLF)
A mathematical function that identifies all costs connected with poor quality and shows how these costs increase as product quality moves from what the customer wants.
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