Statistical Process Control (SPC)allows Firms to Compare Process Performance to Desired

question 4

True/False

Statistical process control (SPC)allows firms to compare process performance to desired levels or standards.

---

Definitions:

Relationship Among Variables

The way in which two or more variables interconnect and affect each other.

Test Statistic

A value computed from sample data used to make inferences about a population parameter in hypothesis testing.

Estimated Regression Equation

A formula that models the relationship between a dependent variable and one or more independent variables, calculated from sample data.

SST

Sum of Squares Total, a measure in statistics that quantifies the total variation within a dataset.