Tag: mean
-
SPC: Graphical Interpretation of Control Chart (Mean and Range)
—
by
“It is the mark of a truly intelligent person to be moved by statistics.” — George Bernard Shaw Introduction Graphs are widely used tools in trading and investing to quickly see the past performance of the stock, the highs, the lows, trends, moving averages, trading volume, and much more. These graphs are the ‘footprint of…
-
What is the key difference between Mean, Median and Mode?
—
by
If you can tell the difference between good advice and bad advice, you do not need advice: Lawrence J Peter Introduction There can be differences in thoughts, opinions, procedures, or parameters. By understanding the differences, one can able to comprehend them better and can take decisions judiciously. Having conflict in the workplace and productive disagreements—an…
-
What is the key difference between the Specification and Control Limits?
—
by
When the winds of change blow, some people build walls and others build windmills: Chinese Proverb Introduction What is the difference between Success and Joy? Sometimes we use them interchangeably without realizing that there can be some difference. Success is external which is for the outer world. While Joy is internal and is for…
-
What is the key difference between Common and Special Cause?
—
by
The difference between successful people and others is how long they spend time feeling sorry for themselves: Barbara Corcoran Introduction There is a distinct difference between reality and illusion. Reality is a fact like Sunrises from the east and sets in the west direction. The illusion is an imaginary thing that trees are also running…