Below Is the Data Collected from a Manufacturing Process for a Part

question 12

Essay

Below is the data collected from a manufacturing process for a part whose dimensions are specified as 4.00 ± 0.1 centimeters. Calculate the process capability index within three standard deviations of the mean. $$\begin{array} { | l | } \hline \text { Manufacturing } \\\hline \text { Measurements } \\\hline 4.78 \\\hline 3.99 \\\hline 5.02 \\\hline 4.23 \\\hline 4.57 \\\hline 4.44 \\\hline 5.18 \\\hline\end{array}$$

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Definitions:

Operating Assets

Assets that are used in the day-to-day operations of a business to generate revenue, such as equipment, inventory, and property.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit earned on the investment by the cost of the investment.

Minimum Rate

The lowest acceptable or allowable rate, often referring to wages, interest rates, or other financial variables.

Annual Margin

The amount of profit a company generates over a year after all expenses have been subtracted from revenues.