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Richard is starting a new job and wants to prove that he is diligent and collegial. What is the best advice you can give him?
Sample Mean
This is the average of all the values in a sample set, calculated by summing all the numbers in the sample and then dividing by the count of the sample.
Control Limits
Predetermined boundaries in statistical process control charts that signal when a process might be out of control, based on the process's historical data.
Standard Errors
Standard errors quantify the variability or uncertainty in a statistic, such as the mean, estimated from a sample when it is used to estimate the true population parameter.
Assignable Variation
Variation in a process that is caused by identifiable factors, often signaling an issue or change in the process that needs to be addressed.
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