hours and $1,700$ hours, respectively. Based on the given information, the process capability ratio, $C_p=1\mathrm{.}25($round your response to two decimal places$).$

Based on the process capability ratio $(C_p)$ for the given information, one can say that the process is very much capable of producing the chips to the design specifications.

For the given information, the process capability index $(C_{pk})=,($round your response to two decimal places$).$