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Business Process Management (BPM)

Business Process Management (BPM) is a systematic approach to improving organizational workflows and operations. This comprehensive methodology helps companies optimize their business processes through analysis, design, implementation, and continuous monitoring. The...

Box and Whiskers Plot

Box and Whiskers Plot A box and whiskers plot allow you to display a five-number summary in an image. The “box” is the main portion of the chart. It shows the interquartile range, which is the middle portion of data. The first quartile (the 25% mark), and...

Bivariate

Bivariate Statistics data are often classified according to the number of variables in a study. One variable might be “height”, while another variable might be “weight”. Depending on how many variables are being examined, the data...

Binomial Experiment

Binomial Experiment Binomial experiments are those where there is a fixed number of independent trials and only two outcomes. The outcome could be a yes/no answer. You might ask the question, “Will you get a head?” if you toss a coin. The answer will be...

Attribute Chart

Attribute charts represent a specialized category of statistical process control tools designed specifically for qualitative data analysis. Unlike variable control charts that track measurable characteristics such as length, weight, or temperature, attribute control...
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