The Central Limit Theorem: states that the average range can be used as a proxy for the standard deviation. states that the average of assignable variations is zero. controls the steepness of an operating characteristic curve. is the theoretical foundation of the c-chart. allows managers to use the normal distribution as the basis for building some control charts.
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Home » Business » The Central Limit Theorem: states that the average range can be used as a proxy for the standard deviation. states that the average of assignable variations is zero. controls the steepness of an operating characteristic curve.