Which of the Following Statements Regarding "Six Sigma" Is TRUE

question 206

Multiple Choice

Which of the following statements regarding "Six Sigma" is TRUE?

• A) The term has two distinct meanings-one is statistical; the other is a comprehensive quality system.
• B) Six Sigma means that about 94 percent of a firm's output is free of defects.
• C) The Six Sigma program was developed by Toyota in the 1970s.
• D) The Six Sigma program is for manufacturing firms and is not applicable to services.
• E) Six Sigma certification is granted by the International Standards Organization (ISO).

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Definitions:

\(10,000(1.07)^{4t}\)

An exponential growth equation, where \(10,000\) is the initial quantity and \(1.07\) is the growth factor applied every period \(t\), scaled by a factor of 4.

\(10,000(1.09)^{3t}\)

An exponential function, often used in finance to calculate compounded interest or investment growth over time.

Three Decimal Places

Referring to a numerical precision that includes three digits to the right of the decimal point.

\(50e^{-0.1x}\)

A mathematical expression representing exponential decay, where \(e\) is the base of the natural logarithm.