Advanced methodologies of mechanization help in improving ___ and reducing ___.

Question 1 options:

	Quality
	Quality
	Quality
	Both a & b

Question 2 (1 point)

If a ___ is present in a set of data values, then the necessary analysis involves developing an equation for it, the trend profile may be ___ or may not be so.

Question 2 options:

	Trend
	Technique
	all of the above
	None of the above.

Question 3 (1 point)

__ is a useful technique for assessing the extent to which the success of a preferred investment is dependent on the key assumptions.

Question 3 options:

	Analysis
	Sensitivity analysis
	Comparative study
	Designing

Question 4 (1 point)

Break-even Analysis is also known as Cost-Volume-Profit analysis.

Question 4 options:

	True
	False

Question 5 (1 point)

The point (of the level of production/sales) where the total cost equals the total Revenue is called the ___.

Question 5 options:

	Saturation point
	The maximum point of level
	The minimum point of level
	Break-even-point

Question 6 (1 point)

A probability distribution is a mathematical model that relates the value of the variable with the probability of occurrence of that value in the population.

Question 6 options:

	True
	False

Question 7 (1 point)

The Histogram is used to describe ___.

Question 7 options:

	Sample data
	Reference data
	Relative data
	None of the above

Question 8 (1 point)

A frequency distribution is an arrangement of the data by ___.

Question 8 options:

	Density
	Volume
	Magnitude
	None of the above

Question 9 (1 point)

Juran uses the famous Universal Breakthrough sequence to implement ___ programs.

Question 9 options:

	Testing
	Design
	Quality
	Mgmt.