Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

As the volume and variety of available data continue to proliferate, organizations increasingly turn to analytics in order to enhance business decision-making and ultimately, performance. However, the ...

This paper establishes a criterion that measures approximately the average net income of a process under surveillance of an X̄ chart when the process is subject to random shifts in the process mean.

2 types of variation and how we distinguish between common and special cause variation, along with how to create a rational subgroup. We also cover the equations and constants for the X-bar and R ...

The courses offered in this catalog are a curated collection of learning materials that provide an overview of Industry 4.0. It is designed to provide resources that businesses can use to understand ...

Control chart- a time-ordered plot of sample statistics, used to distinguish between random and nonrandom variability Control limits- the dividing lines between random and nonrandom deviations from ...

Quality control is a methodology employed in manufacturing to prevent defects in manufactured products. Abbreviated as QC, the method has been implemented in a number of ways each of which has its own ...

Japanese manufacturers adopted quality-control theories developed by American experts to rebuild the Japanese industrial base after the Second World War. Japanese experts such as Dr. Kaoru Ishikawa ...