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When you have the average production of three machines, it is easy to calculate the average or mean production. You just add ...
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Short-term standard deviation is best used for Cp and Cpk. When calculating Pp and Ppk, the long-term standard deviation is your best choice. These measurements are commonly confused, even by skilled ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...