Managers Understand That Uncertainty Is Known as the Possibility That

question 98

True/False

Managers understand that uncertainty is known as the possibility that an actual amount will deviate from an expected amount.

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Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Preventive Maintenance

Scheduled maintenance activities conducted on equipment before faults occur in order to prevent breakdowns and minimize downtime.

Redundancy

The use of components in parallel to raise reliability.

Infant Mortality

Infant mortality is the statistical measure of the number of deaths of infants under one year old per 1,000 live births.