$C _ { p } > 1$ Indicates That If the Process Average Can Be Centered, Then

question 38

True/False

$C _ { p } > 1$ indicates that if the process average can be centered, then more than
99.73% of the observations will fall inside the specification limits.

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Definitions:

Selling Price

The amount of money for which a product or service is sold to the customer, which may include costs and markup.

Mark-up

Mark-up refers to the difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.

Cost

Represents the amount of money required to purchase something or the expense associated with creating a product or service.

Sale Price

The final price at which an item or service is sold, after any discounts or adjustments are applied.