Hypothesis Tests, Design of Experiments, Simulation, and Piloting and Testing

question 28

Multiple Choice

Hypothesis tests, design of experiments, simulation, and piloting and testing are the tools used in the ________ stage of the DMAIC process.

• A) define
• B) measure
• C) analyze
• D) improve
• E) control

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Definitions:

Intangible Assets

Non-physical assets having a value with an indefinite life span, such as patents, trademarks, and goodwill.

Amortized

Amortized refers to the gradual reduction of a debt over a period of time through regular payments that cover both the loan interest and the principal amount.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water.

Metal Ores

Naturally occurring solid materials from which metals can be extracted profitably.