What Quality Initiative Uses Mathematical Laws Dealing with Probability

question 12

Multiple Choice

What quality initiative uses mathematical laws dealing with probability?

• A) Six Sigma
• B) Statistical Process Control (SPC)
• C) Total Productive Maintenance (TPM)
• D) Total Quality Management (TQM)

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Definitions:

Historical Background

The historical context or past events leading to the current state or understanding of a subject, providing insight into its development and changes over time.

Regulation

The act of controlling, governing, or managing activities, especially through rules and standards set by authorities or bodies.

Pricing Algorithms

Computer-based methods used to determine the selling price of goods or services, often based on factors such as demand, competition, and cost.

Price-fixing

An agreement among competitors to raise, lower, or stabilize prices or competitive terms.