Examlex
Definite financial obligations are referred to as variable expenses.
Spec Limits
Short for "Specification Limits," which are the maximum and minimum values within which a product or process's performance measures must lie to meet customer requirements.
Sample Mean
The average value calculated from a subset of a larger population, used in statistics as an estimate of the population mean.
OC Curve
Operating Characteristic Curve, a graph that describes how well a statistical test or procedure performs in detecting a true condition.
AOQ Curve
is a graphical representation that shows the relationship between the Average Outgoing Quality (AOQ) and the fraction defective in incoming batches, used in quality control to determine the effectiveness of inspection procedures.
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