A Process Measure Related to Availability Is

question 21

Multiple Choice

A process measure related to availability is:

• A)Average setup time
• B)Number of defect-free shipments
• C)Number of interdepartmental handoffs
• D)Percentage reduction in lead time

---

Definitions:

Confidence Level

The probability that a confidence interval will contain the true population parameter.

Population Parameter

A numerical value that summarizes or describes a characteristic of an entire population.

Confidence Interval

Confidence interval is a range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter with a certain level of confidence.

Population Standard Deviation

Population standard deviation is a measure of the dispersion or variation in a set of values from a population, calculating how spread out the values are from the population mean.