The formula Y = f(Xn) is a method of expressing the concept that the output of a process is a function of all the __________________?
Answer : B
Six Sigma refers to a process whose output has 100% of its data points within 8 Standard Deviations from the Mean.
Answer : A
Long-term Data represents all the variation that one can expect to experience from the output of the subject process.
Answer : A
The essence of Lean is to concentrate effort on ____________________ while improving process flow to achieve speed and agility at lower cost.
Answer : B
A Belt has determined that the loan application does not need to be reviewed by accounting thereby improving the number of applications a loan processer can handle. According to Cost of Poor Quality (COPQ) definitions RTY improvement would be considered _______________.
Answer : B
Which of the following would likely not be a CTQ (Critical-to-Quality) for the purchase of a product?
Answer : D
Training cost $2,500 and a project required an initial investment of $23,500. If the project yields monthly savings of $2,500 beginning after 4 months, what is the payback period in months (before money costs and taxes)?
Answer : C