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

question 73

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. $$\begin{array} { | l | } \hline \text { Maruffacturing } \\\text { Measurements } \\\hline 4.78 \\\hline \mathbf { 3 . 9 9 } \\\hline 5.02 \\\hline 4.23 \\\hline 4.57 \\\hline 4.44 \\\hline 5.18 \\\hline\end{array}$$

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Definitions:

Acid-Test Ratio

is a financial metric that assesses a company's ability to pay off its current liabilities with its most liquid assets, excluding inventory.

Balance Sheet

An accounting document summarizing assets, liabilities, and owners' equity of a business on a specific date.

Sales On Account

Transactions where goods are sold and payment is deferred, allowing the buyer to pay at a later date, typically generating accounts receivable for the seller.

Average Sale Period

The average time it takes for a company to sell its inventory, often used to assess the efficiency of sales operations.