Setting a New Minimum Standard Is Which Step in the Kaizen

question 41

Multiple Choice

Setting a new minimum standard is which step in the kaizen cycle of kaizen costing?

• A)plan
• B)do
• C)check
• D)act

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Definitions:

Standard Deviation

It quantifies the variability or dispersion across a set of data points by calculating the average distance from the mean for each data point.

Variance

A statistical measure of the spread of a set of scores, calculating the average of the squared differences from the mean.

Sample Variance

A measure of the dispersion of a set of data points in a sample population, calculated by taking the mean of squared deviations from the sample mean.

Sample Standard Deviation

A measure of the dispersion or spread of data points in a sample from its mean.