The Basic Quality Tool That Managers Use to Identify and Prioritize

question 47

Short Answer

The basic quality tool that managers use to identify and prioritize problems they need to solve is known as ________.

---

Definitions:

X Index Fund

A type of index fund designed to track the performance of a specific market index, denoted here as 'X' as a placeholder for the index name.

PHStat

An Excel add-in that enhances the statistical functions of Microsoft Excel, providing tools for analysis and decision making in business.

Expected Monetary Value

A decision-making tool in risk management that combines the probabilities of different outcomes with the monetary gains or losses they would produce, to estimate the average outcome.

PHStat

An Excel add-in that enhances and expands upon the statistical capabilities provided by Microsoft Excel.