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Mathematical Probability
The quantitative measurement of the likelihood of a certain event occurring, based on mathematical calculations.
Stipulated Time
A specified or agreed-upon period in which something is to be done or accomplished.
Total Quality Management
A comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback.
Statistical Process Control
A method of monitoring and controlling a process through the use of statistical analysis to detect and prevent unacceptable variations.
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