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The NPV for Iota's new project is closest to:
One-Point Rule
A mathematical principle used in decision making that states if a certain condition is met or not met, a specific action should be taken or avoided.
Runs Rule
A non-parametric statistical test that checks for randomness in a data sequence.
Out-Of-Control Signal
An indication, often from a control chart, that the process variability is exceeding the predetermined control limits.
Process Example
An illustrative case that demonstrates the steps or stages within a procedure or methodology.
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