The ability to repeat the same measurement obtained with one measurement instrument used several times by one appraiser while measuring the identical characteristic on the same part is known as __________.
Correct Answer:
A
Training cost is $4,000 and a project required an initial investment of $30,000. If the project yields monthly savings of $2,000 beginning after 3 months, what is the payback period in months (before money costs and taxes)?
Correct Answer:
B
Six Sigma refers to a process whose output has at least 80% of its data points within +/- 6 Standard Deviations from the Mean.
Correct Answer:
B
When looking at a distribution graph, the Mean is defined as the __________.
Correct Answer:
A
Customers make a purchase decision based on a number of factors. In Lean Six Sigma we refer to these decision points as CTQ’s which stands for __________.
Correct Answer:
D