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Concept
Performance Ratio
The
performance ratio
is like a score that tells us
how well something is doing its job
compared to
how well we expect it to do
. It helps us understand if something is
working as good as it should be
, or if there's room for it to do better.
Relevant Degrees
Probability and Statistics 50%
Production Engineering and Planning 30%
Quality Management and Total Quality Management (TQM) 20%
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