Examlex

Solved

Six-Sigma Is Based on a Statistical Measure That Equates to 3.4

question 15

True/False

Six-Sigma is based on a statistical measure that equates to 3.4 or fewer errors or defects per million opportunities.


Definitions:

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean, used to indicate the degree of variation.

Claims Processor

A professional or system responsible for evaluating and processing insurance claims, ensuring they meet policy criteria and determining payment amounts.

Performance Rating

An assessment of an employee's job performance over a specific period, usually used for feedback, development, and decisions on rewards.

Allowance Factor

Allowance factor is a factor used to account for anticipated losses or deviations in production or scheduling, ensuring that output meets demand despite uncertainties.

Related Questions