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The graphs of a company's total revenue function and total cost function
are shown. From the sale of 100 items, 500 items, and 700 items, rank from smallest to largest the amount of profit received.
Process Capability
A statistical measure of a process's ability to produce output within specified limits, commonly assessed by comparing the process variation to allowable specification limits.
Control Limits
Control Limits are statistical boundaries set within control charts that represent the acceptable range of variations in a process.
Specification Limits
Specification limits are the defined boundaries of acceptability for the values of a product or process measurements, beyond which quality control actions must be taken.
Control Chart
Control Chart is a statistical tool used in quality control to monitor, control, and improve the process performance by tracking data variability and highlighting anomalies.
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