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In general, there are three types of government organizations. Identify and describe these three types and the accounting standards that are followed by each type of entity.
Sample Mean
The average of a set of numerical values.
Control Limits
Statistical boundaries set in control charts that are used in process control to detect times when a process is out of control or behaving anomalously.
Standard Errors
The standard deviation of the sampling distribution of a statistic, typically the mean.
Control Chart
A control chart is a statistical tool used to monitor, control, and improve process performance over time by identifying sources of variation.
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