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Figure 2-2
-Refer to Figure 2-2.Devin works as an attorney for a corporation and is paid a salary in exchange for the legal services he performs.Juan owns office buildings and rents his buildings to companies in exchange for rent payments.If Devin's income is represented by a flow of dollars from Box D to Box B of this circular-flow diagram,then Juan's income is represented by a flow of dollars
P-Charts
Control charts used for monitoring the proportion of defective items in a process over time.
Statistical Process Control (SPC)
A method of quality control which employs statistical methods to monitor and control a process, helping to ensure that it operates at its fullest potential.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, calculated as the square root of the variance.
Process Control Limits
Boundaries in a control chart within which a process operates normally, and outside of which the process may need correction.
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