Examlex
Explain the difference between a controllable and a noncontrollable cost.
Process Central Line
A line on a control chart representing the average or expected value of the process being monitored.
X-bar Chart
A type of control chart used for monitoring the mean value of a process over time.
Natural Variation
Variability that affects every production process to some degree and is to be expected; also known as common cause.
Standard Deviations
A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points differ from the mean.
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