Examlex
Which of the following approaches to process improvement could be described as competitive benchmarking?
Standard Deviation
A statistic that measures the dispersion or variability of a data set relative to its mean.
Normal Distribution
A probability distribution that is symmetrical around its mean, showing that data near the mean are more frequent in occurrence than data far from the mean.
Advertised Lifetime
Advertised Lifetime typically refers to the expected duration or lifespan of a product as claimed by its manufacturer or seller.
Normal Distribution
A continuous probability distribution characterized by a symmetric, bell-shaped curve describing the spread of a variable.
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