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For any given total quantity of units sold,as the sales mix shifts toward units with lower contribution margins,operating income will be:
Standard Deviation
A measure used to characterize the degree of spread or variation among a dataset's elements.
Process Distribution
It refers to the statistical distribution that characterizes how outcomes behave over a process, showing variations and their likelihood.
S Chart
A control chart used for monitoring the variability of a process based on sample standard deviation.
Process Capability Index
A statistical measure of a process's ability to produce output within specified limits, reflecting the process's performance and capability.
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