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The firm's credit ________ defines the minimum criteria for the extension of credit to a customer.
S Chart
A statistical process control chart used to monitor the variability of process performance.
Distribution Mean
The average of all values in a data set, calculated by summing the values and dividing by the number of observations, representing the center or location of the distribution.
Standard Deviation
An indicator of how much data points deviate from the central value, signifying the spread of the dataset.
Process Distribution
The statistical distribution that characterizes the outputs or results of a process, helping to understand its behavior and variation.
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