4 terms found
The arithmetic average of a data set, calculated by summing all values and dividing by the number of observations. The…
The process of quantifying a characteristic, property, or attribute of a product, process, or phenomenon using a calibrated instrument or…
A quantifiable measure used to track and assess the status or performance of a specific process, activity, or outcome against…
A Japanese term for waste, referring to any activity or resource expenditure in a process that consumes time, materials, space,…