Running head: STANDARD DEVIATION ABSTRACTS 1

Standard Deviation Abstracts

Names

QRB/501

Date

Professor

University of Phoenix

STANDARD DEVIATION ABSTRACTS 2

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

product’s 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 on-

point 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