For a process that is in control and follows a normal distribution, interpret each of the following Cp values:- 1.00- 1.33- 0.50- 2.00

Answered: For a process that is in control and…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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For a process that is in control and follows a normal distribution, interpret each of the following Cp values:

- 1.00
- 1.33
- 0.50
- 2.00

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Process capability index often called (Cpk) is nothing but the statistical tool that is used to calculate the capacity of a process to generate output within the limits of the specifications of the clients. Process capability often called Cp is the ratio that indicates how efficiently the process is expressed settled into the specification range. This measurement is calculated by dividing the particular limit by the process expressed or spread.