Running head: STANDARD DEVIATION ABSTRACTS

Standard Deviation Abstracts

Names
QRB/501
Date
Professor
University of Phoenix

STANDARD DEVIATION ABSTRACTS

Standard Deviation Abstracts

Optimization of Mean and Standard Deviation
This article defines the idea of success in a competitive market. A competitive edge is not
gained strictly from monitoring the production process and the final product (Costa, 2010). The
article discusses the use of mean and standard deviation, basic descriptive statistics, to the
products manufacturing in the form of quality control. The method allows for results that
maintain applicativeness, straightforwardness, and efficiency. The measurements are used to
give a new view of the efficiency of the production procedure. The null hypothesis is that the
quality control method is a better characteristic for maintain a competitive edge when compared
to other methods. The results of this method are that mean and standard deviation values allow
managers to understand the trade-offs between low standard deviation (and variance) and onpoint product presentation.

STANDARD DEVIATION ABSTRACTS

3
References

Costa, N. (2010). Simultaneous Optimization of Mean and Standard Deviation. Quality

Engineering, 22(3), 140-149. doi:10.1080/08982110903394205