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Owners may have little to do with the management of the firm in the case of
Lower Control Limit
The lowest boundary in process control that allows for process variability while still indicating acceptable performance levels.
Sample Ranges
The difference between the highest and lowest values in a sample, used in statistical analysis.
X-bar Control Chart
A statistical tool used in quality control processes to monitor the mean (average) of a quality characteristic over time.
R-chart
A type of control chart used to monitor the range of variability within a process over time.
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