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A process that is in six-sigma control will produce no more than two defects out of every million units.
Interval of Random Numbers
A range within which random numbers can be generated, often used in simulations and probabilistic analyses.
Cumulative Probability
The probability that a random variable is less than or equal to a specific value, often visualized as the area under the probability distribution curve up to that point.
Interval of Random Numbers
A range within which any number has an equal chance of being selected in a random selection process.
Expected Demand
The forecasted quantity of products or services that consumers will purchase in a given period, based on historical data, market trends, and other influencing factors.
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