How to construct various control charts Which control charts to use for a particular type of data How to measure the capability of a process The basic themes of quality management and Deming’s 14 points The basic aspects of Six Sigma
▪ Interpret the mean and standard deviation for a discrete probability distribution ▪ Explain covariance and its application in finance ▪ Use the binomial probability distribution to find probabilities ▪ Describe when to apply the binomial distribution ▪ Discuss the Hypergeometric distribution ▪ Review the Poisson distribution