Examlex
Compute the present value of a 150-day non-interest-bearing promissory note for $5000 dated June 15, if the note was sold on August 21 and money is worth 6.5%.
Process Capability Analysis
A statistical technique used to determine if a manufacturing or business process is capable of meeting its design specifications and quality demands.
Common Causes
Factors that consistently contribute to a process's variation under normal conditions, as opposed to special causes that are sporadic.
Control Limits
Statistical boundaries in process control systems that indicate the maximum and minimum values a process should operate within to maintain quality control.
P-chart
A P-chart is a type of control chart used in statistical quality control to monitor the proportion of defective items in a series of samples and determine whether a process is in control.
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