The upper and lower customer specified limits for a component are 6.40 and 5.20 inches respectively. The process standard deviation is 0.15, and the process average is 5.70 inches. The Process Capability Index (Cpk) rounded to two spaces after the decimal is:

Group of answer choices

1.11

A Process Capability Ratio (Cp) value of _____ occurs when the natural variation in the process equals the customer’s tolerance range.

0.5

1.5

If only the non-zero lower specification limit (LSL) of the quality characteristic is lowered (i.e., reduced) while the upper specification limit (USL) stays the same, (and the mean and the standard deviation for the process remain the same), the process capability ratio Cp will…

either increase or decrease depending on the product.

Suppose that you have taken 30 samples of 200 units each and calculated the proportion defective as p = 0.075. What is the upper control limit (rounded to four spaces after the decimal) for the p-chart based on this information?

Group of answer choices

0.7500

Process Capability Ratio and Index provide information about …

the probability of the mean to be equal to the LSL.

the ability of the process to manufacture the products that meet the specifications.

The control chart most appropriate for plotting the number of students from 30 daily samples of 150 students that wait longer than five minutes in line at the undergraduate admissions office is a(n)

X-bar-R chart

Daily samples of 75 checks each were taken at a bank from an encoding machine (which records the amount of a check). The data on the number of defective entries found in each sample is provided in the table below (there is no file attachment for this data):

Using the data from the 5 samples, the value for the center line for the proportion (p) control chart, rounded to three spaces after the decimal is...

Group of answer choices

2.2

Using statistical process control, the UCL and LCL for an x-bar chart are 25.6 and 15.9 respectively. The central line is 20. The results of the next six sample means (i.e., averages) are 18.2, 23.3, 17.9, 21.5, 26.5, and 16.6. Based on just this information, what should you do?

Nothing; the process is in control.

Explore the root causes for the sample 5 average value.

The objective of the Define phase of a Six Sigma process improvement project is to identify…

the quality policy and weights for different organizational priorities.

the customer, core business process involved, and problems to be addressed.

__________ are intended for monitoring continuous distribution (measurement) data.

x-bar and R charts.

The upper and lower customer specified limits for a component are 6.40 and 5.20 inches respectively. The process standard deviation is 0.15, and the process average is 5.70 inches. The Process Capability Ratio (Cp) rounded to two spaces after the decimal is:

1.56

In a wholesale price contract between a wholesaler and a retailer, who bears the primary risk of market fluctuation?

Wholesaler

 A diamond merchant firm is interested in tracing and tracking the authenticity of the origins of the diamonds it sells. Which of the following is the most appropriate technology for the diamond merchant?

Radio Frequency identification device (RFID)

Conventional reasons for outsourcing by a firm do NOT include which one of the following?

Group of answer choices

Protection of own intellectual property.

An auto manufacturer is designing a new line of sports utility vehicles for which the manufacturer will need a new line of engines with high horsepower and high torque. The new line of engines is going to be of central importance in providing competitiveness for the new range of vehicles in the marketplace. However, the auto manufacturer does not have these engines in its current range. Furthermore, the auto manufacturer does not possess the required in-house capabilities to design the new engines, and it will take a significant amount of time and investment to develop the capability to design and make the required engines with reasonable performance and quality. Which of the following is going to be the most preferred mode of access to these high horsepower and high torque engines?

Group of answer choices

Make a spot purchase of engines from competitors as and when required based on market demand.

Which of the following is NOT a motivation for globalizing supply chains…

Reduce complexities and costs of logistics and transportation of products

Access to products and technologies

Which of the following is NOT a major challenge of remanufacturing?

Tracing products throughout their life-cycle.

The cost of manufacturing vis-à-vis demand for remanufactured products may not make economic sense.

Which of the following is NOT a dominant consideration for building a responsive supply chain?

Supplier selection based on speed and flexibility.

Toyota Motor Corporation (Toyota) and Panasonic Corporation (Panasonic) announced on February 03, 2020, that they have decided to establish Prime Planet Energy & Solutions, Inc., a joint venture specializing in automotive batteries. What is the most likely reason for Toyota to invest in the joint venture?

Toyota envisages that automotive batteries are likely to be an important source of competitiveness; moreover, Toyota possesses sufficient internal competency to design and make good quality automotive batteries.