Examlex
Which of the following statements is true of a negotiable document of title?
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.
Specification Limits
Predetermined boundaries or limits within which a product, result, or characteristic must fall to be considered acceptable for its intended purpose.
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