Examlex
Since the number of shares changes under both a stock dividend and a stock split,any ratio based on the number of shares must be restated.
Sigma Control Limits
Statistical boundaries set in process control that represent acceptable variations in product quality or process performance, typically associated with Six Sigma methodology.
Sample Ranges
The difference between the highest and lowest values in a set of data samples, often used in statistical analysis to measure variability.
Producer's Risk
Producer's risk is the probability of rejecting a quality product during the inspection process, falsely identifying it as defective.
Consumer's Risk
The probability of accepting a lot or batch of goods that contains a greater number of defects than a predetermined level, leading to consumer dissatisfaction.
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