Control charts have two general uses in an improvement project. Undeniably, the most common application is as a tool to ...

The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Control limits, how do they work? Is it a probability limit? Is it an economic limit? Read on to find out! A control chart consists of several parts. It has two limits. The bottom dashed line is ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...