Quality Control Chart

Filed Under »
Dictionary Says

Definition of 'Quality Control Chart'

A graphic that depicts whether sampled products or processes are meeting their intended specifications and, if not, the degree by which they vary from those specifications. Analyzing the pattern of variance depicted by a quality control chart can help determine if defects are occurring randomly or systematically.
Investopedia Says

Investopedia explains 'Quality Control Chart'

Different types of quality control charts, such as X-bar charts, S charts and Np charts are used depending on the type of data that needs to be analyzed. A quality control chart can also be univariate or multivariate, meaning that it can show whether a product or process deviates from one or from more than one desired result.

Articles Of Interest

  1.

    Measuring Company Efficiency

    Three useful indicators for measuring a retail company's efficiency are its inventory turnaround times, its receivables and its collection period.

  2. Vital Link: Manufacturing And Economic Recovery

    Manufacturing output is one of the clearest signs that an economy is recovering from a recession.

  3. The Amateur Investor's Guide To Analyzing Corporate Efficiency

    Find out how the amateur investor can measure the success of management.

  4. Is Kickstarter A Viable Platform For Business Startups?

    This article assesses the merits of Kickstarter, the risks involved and whether it is viable for serious investors.

  5. How To Monetize Your Website

    New technologies and services have made it easier to make money from your website than ever before.

  6. Streamlining Tips For Small Business Owners

    Templates for accounting, proposals and correspondence; email templates and auto-responders; proposal request forms, questionnaires, grouping tasks and other tips for streamlining your business.

  7. What is an e-meeting?

    An e-meeting is any meeting that takes place over an electronic medium, as opposed to the traditional face-to-face form. The most common form of an e-meeting takes place over the internet using ...

  8. What's the difference between net present value and internal rate of return? How are they used?

    Both of these measurements are primarily used in capital budgeting, the process by which companies determine whether a new investment or expansion opportunity is worthwhile. Given an investment ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Network Effect

    A phenomenon whereby a good or service becomes more valuable when more people use it. The internet is a good example...

  2. Racketeering

    Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include...

  3. Lawful Money

    Any form of currency issued by the United States Treasury and not the Federal Reserve System, including gold and silver coins, Treasury notes, and Treasury bonds. Lawful money stands in contrast to fiat money, to which the government assigns value although it has no intrinsic value of its own and is not backed by reserves.

  4. Fast Market Rule

    A rule in the United Kingdom that permits market makers to trade outside quoted ranges, when an exchange determines that market movements are so sharp that quotes cannot be kept current.

  5. Absorption Rate

    The rate at which available homes are sold in a specific real estate market during a given time period.

  6. Yellow Sheets

    A United States bulletin that provides updated bid and ask prices as well as other information on over-the-counter (OTC) corporate bonds...
Trading Center