Solution-Difference between time period and production

Difference between time period and production lines

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Reference no: EM13799612

Variation exists in virtually all parts of our lives. We often see variation in results in what we spend (utility costs each month, food costs, business supplies, etc.).

Consider the measures and data you use.

When are differences (between one time period and another, between different production lines, etc.) between average or actual results important?

How can you or your department decide whether or not the observed differences over time are important?

How could using a mean difference test help?

Reference no: EM13799612

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Difference between time period and production lines

Reference no: EM13799612

Reference no: EM13799612

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