Examlex
In a manufacturing process,if cereal boxes are being filled by a machine,describe how assignable variation might affect the content weight of the individual boxes.
Least Squares Line
The line of best fit determined by minimizing the sum of the squares of the differences between observed values and the values predicted by the line.
Predicted Amount
The value estimated based on a statistical model or analysis.
Sales
The exchange of a commodity or service for money; the action of selling something.
Least Squares Regression
A statistical method for estimating the relationship between variables by minimizing the squares of the differences between observed and predicted values.
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