1- Event management involves identifying risks, assessing their likelihood of occurring and their potential impact, and then developing strategies for addressing those risks.

True

False

2- This involves performing experiments by changing levels of factors to measure their influence on output and identifying best levels for each factor.

a. Process capability indexes

b. Design of experiments

c. Six sigma quality

d. Assignable variation influence

e. Run tests

3- A design engineer wants to construct a sample mean chart for controlling the service life of one of the types of light bulbs his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four bulbs, with these results:

Sample	Service Life (hours)
1	495	500	505	500
2	525	515	505	515
3	470	480	460	470

What is the sample mean service life for sample 2?

a. 470 hours

b. 495 hours

c. 500 hours

d. 515 hours

e. 525 hours

4- The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to hold a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four (4) days. What is the economic order quantity for resin?

Select one:

a. 50 kilograms

b. 100 kilograms

c. 250 kilograms

d. 500 kilograms

e. 1,000 kilograms