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AQA · 8382
Absolute risk
The probability of a specified event occurring in a particular group or trial, often an undesirable event. From collected data, it is estimated by dividing the number of occurrences by the total number of observations.
Action line
A horizontal control-chart line marking a limit beyond which the production process should be stopped and corrected. For a sample-mean chart, action limits are , where is the standard deviation of the sample means.
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273 key terms