The correct answer is: Product Variety
Explanation: Process capability is defined as the inherent variability of characteristics of a product. In other words Process Capability can be understood as how likely a product will be meeting its design specification. The above definitions clear that measuring capability of a process looks at the product variety.
Measuring Capability of a process looks at which of the following types of variation? Product variety...
Which of the following statements is TRUE about capability analyses? A. A higher process capability index means the process has a higher defect probability B. A higher process capability index means the process has a lower defect probability C. A process must have its mean centered in the middle of its tolerance interval in order to perform capability analyse D. A process capability index of 1.33 means that a process has a six sigma capability
Consider the process of making and baking bread. Each of the following will cause variation in the process. Which of the following is/are special cause (assignable cause) variation? 1. The oven door is open for 90 seconds to check the bread while it is baking, II. The oven's thermostat allows the temperature to drift up and down slightly. III. The phone is answered and the bread is in the mixer too long. A. I and Ill only OB. I, II...
The causes of variation in statistical process control are: natural causes and assignable causes producer's causes and consumer's causes cycles, trends, seasonality, and random variations Type I and Type II errors None of them
Non-random (or assignable cause) variation found in the process of an output is usually caused or created by: A. 1. Countless minor factors B. 2. Defective equipment C. 3. Human labor issues D. 1& 3 E. 2 & 3
1.One common definition of quality is ______________, which focuses on measuring how well the product or service meets targets and tolerances determined by its designers. A."judgmental evaluation" B."conformance to specifications" C."fitness for use" D."value for price paid" E."technical perception" 2.A process capability index (Cp) value of 1 means that what percent of products produced will fall within the specification limits? A.0.26% B.90.00% C.95.44% D.99.74% E.100%
What does the phrase “in control” mean with respect to processes? An in-control process is one in which the output falls within the specification limits. An in-control process is statistically stable; it is free of assignable or non-random variation An in-control process is one in which the process width (i.e., 6σ) is substantially wider than the specification width (i.e., the upper specification limit minus the lower specification limit) None of these is correct
Which of the following approaches is applicable to reduce variation in a product? a: Reducing the variation of CTP b: Making the system less sensitive to the CTP c: Changing the relationship between CTP and CTQ d All of the above
Annuities have a variety of features and benefits. Which of the following types of annuities allows for investment returns that are exposed to the stock market, but has a minimum rate of return? An equity-indexed annuity. A variable annuity A fixed annuity A single-premium, variable annuity.
What are the various production process? What impact to product variety and volume have on process selection? What is the relationship between volume, economies of scale, and costs?
1. How can a process be “in control” but not delivering what the customer wants? What is "process capability”? 2. If the LCL on a process is much greater than the LSL, will the customer tend to be “happy" or "disappointed” with the the results of this process? Why? 3. A) If Cp = 1.00, what % of good product is the process expected to deliver? Answer B) Complete the following: “A common minimum standard in industry is a Cp...