What are the benefits of adopting these standards by an industrial organization?

A ng.cengage.com * Mind Tap - Cengage Learning Q Search this course * CENGAGE MINDTAP Homework (Ch 03) 1. Specialization and production possibilities Suppose Spain produces only tablets and smartphones. The resources that are used in the production of these two goods are not specialized-that is, dy Tools the same set of resources is equally useful in producing both smartphones and tablets. The shape of Spain's production possibilities frontier (PPF) should reflect the fact that as Spain produces more smartphones and fewer tablets, the opportunity cost of producing each additional smartphone Tips The following graphs show two possible PPFS for Spain's economy: a straight-line PPF (PPF1) and a bowed-out PPF (PPF2). Tips (? a FREE 7- Unlimited imited Graph 2 Graph 1 PPF, re PPF, SMARTPHONES SMARTPHONES Based on the previous description, the trade-off Spain faces between producing smartphones and tablets is best represented by Grade It Now Save & Continue Continue without saving MacВok Pro…

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In the case that the average measure of quality equals the target, the equation for the process capability ratio is: |USL – LSL| Cp = бо A company's customers need the product to have a quality measure between 2 and 6. The company provides the product with a quality measure having a standard deviation of 1.0. What is the process capability ratio?