Question: Differentiate between the Process Potential Index Cp and the Process
Differentiate between the Process Potential Index (Cp) and the Process Capability Index (Cpk). In what way(s) are they similar? In what way(s) do they differ?
Answer to relevant QuestionsWhat kinds of statistical data play a role in an auto insurance firm’s decision on the annual premium you’ll pay for your policy? Can the Process Capability Index (Cpk) ever be greater than the Process Potential Index (Cp)? If so, how? If not, why not? Repeat Exercise 20.52 and apply all of the diagnostic tests available with your statistical software. Has applying these diagnostics to the c-chart raised any concerns regarding the state of control of the process? If so, in ...Contrast the concepts of defect prevention and defect detection as they might apply to each of the following “defects” in society: a. automobile accidents b. juvenile delinquency c. alcoholism Telemarketers for a mail-order firm are assigned to make a total of 200 calls each day, then record the number of potential customers who are interested in receiving a catalog and first-order discount coupon in the mail. For ...
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