What are some reasons that business outputs vary? For example why does production output vary? Explain the difference between common causes of variation and special causes of variation.
**Please use below textbook for the primary reference.
Evans, J. R. (2012). Statistics, data analysis, and decision modeling, 5/E. Prentice Hall.
SAMPLE SOLUTION
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Production outputs refer to the goods or services created within a specified period of time, by a firm, industry, or country. These outputs can either be used as a final product or used for further processing. Business outputs can range from crops to accounting services to technological devices. Producing these outputs requires businesses to have a plan and budget on costs to be incurred, which must be known by departments engaged in procurement, assessment, delivery, packaging, and processing (Mankiw, 2014)…
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