Common Causes of Variations Generally Accounts for About 10 to 15

question 47

True/False

Common causes of variations generally accounts for about 10 to 15 percent of the observed variation within a process.

Grasp the principles of business portfolio analysis and how it aids in strategic decision-making.

Understand the significance of promoting divergent and convergent thinking in fostering organizational creativity.

Identify managerial practices that enhance or hinder creativity within teams.

Recognize the importance of flow and psychological immersion in the creative process.

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Definitions:

Histogram

This is a graphical representation of data using bars of different heights where each bar groups numbers into ranges.

Unimodal

Describing a distribution with a single peak or mode, representing the most frequently occurring value.

Empirical Rules

A set of guidelines that indicate how the data are spread in a normal distribution, specifically stating that approximately 68%, 95%, and 99.7% of the data fall within one, two, and three standard deviations from the mean, respectively.

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.