It is possible to assess distribution skew while looking at a Boxplot.

Question 1 options:

	True
	False

Question 2 (2 points)

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A certain decision has had a positive, sustained impact on cash flow. Therefore, it should definitely be recorded as an overall success for the organization.

Question 2 options:

	True
	False

Question 3 (2 points)

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If the lowest and highest projected values of Assumption A change the NPV estimate by +/- 5% while a similar manipulation of Assumption B changes the NPV estimate by +/- 60%, we would conclude the decision is more sensitive to Assumption B.

Question 3 options:

	True
	False

Question 4 (2 points)

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The mean can misinterpret because it is subject to the distribution around it and/or outliers.

Question 4 options:

	True
	False

Question 5 (2 points)

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If you aren't sure of a variable's probability distribution, just use the Normal Distribution as the default.

Question 5 options:

	True
	False

Question 6 (2 points)

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The "check" phase in PDCA is the optional step of the PDCA cycle.

Question 6 options:

	True
	False

Question 7 (2 points)

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The best way to sum up a "system perspective" is to say it means optimizing individual parts.

Question 7 options:

	True
	False

Question 8 (2 points)

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The best chart tool to use when examining probability distributions is the:

Question 8 options:

	Histogram
	Boxplot
	Scatterplot
	Stacked Column

Question 9 (2 points)

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The fishbone diagram is a tool used to organize suspected causes of some undesirable effect.

Question 9 options:

	True
	False

Question 10 (2 points)

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The coefficient of variation is necessary to compare the variability of two or more independent populations because the standard deviations cannot be directly compared.

Question 10 options:

	True
	False