Examlex
A basketball coach wants to know how many free throws an NBA player shoots during the course of an average practice.The coach takes a random sample of 43 players and finds the average number of free throws shot per practice was 225 with a standard deviation of 35.Construct a 99% confidence interval for the average number of free throws in practice.
Productivity
A measure of the efficiency of production, often expressed as the ratio of output to inputs used in a production process.
Inputs
Resources such as labor, capital, materials, and information used in the production of goods or services.
International Quality Standards
A set of formalized rules and guidelines for production and manufacturing that ensure products meet certain requirements for global trade.
ISO 9000
The set of standards that certifies that a business is using processes and principles to ensure the production of quality products.
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