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How Frequently Measures Are Taken and How Quickly Changes Are

question 1

True/False

How frequently measures are taken and how quickly changes are implemented depends on the importance of the business process in meeting true business goals.


Definitions:

Normally Distributed Random Variable

A type of random variable whose values are symmetrically distributed around the mean, forming a bell-shaped curve when graphed.

Mean

The arithmetic average of a set of numbers, calculated by summing all the numbers and then dividing by the count of those numbers.

Standard Deviation

Standard deviation is a measure that quantifies the amount of variation or dispersion of a set of data values from their mean.

Standard Normal Random Variable

A normally distributed random variable characterized by a mean of 0 and a standard deviation of 1.

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