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On both the surface and deep levels,business power is exercised in spheres corresponding to the seven business environments.Discuss with examples.
Process Variables
Variables that are measured, monitored, or controlled during a process to ensure optimal quality or performance.
Sample Means
The average value of a set of sample data, used to estimate the population mean.
Standard Deviation
An index of how much individual observations of a dataset vary from the dataset's mean.
Lower Control Limit
The lowest boundary of acceptable performance in a statistical quality control chart, below which a process is considered out of control.
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