Examlex

Solved

Which of the Following Best Describes Knowing the Relative Frequency

question 55

Multiple Choice

Which of the following best describes knowing the relative frequency of every possible event in a population?


Definitions:

Pareto Analysis

A statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It uses the principle that 80% of results come from 20% of the effort.

Assembly Drawing

An exploded view of the product.

Operations

The day-to-day activities involved in the running of a business, organization, or system, focusing on efficient and effective production and distribution.

Component

An individual part or element of a larger system, machine, or product.

Related Questions