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Six Sigma Quality Is a Statistical Measure That Equates to Only

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Six Sigma quality is a statistical measure that equates to only 3.4 defects per million.


Definitions:

Bundle

A collection of items or services offered together as a single package.

Satisfaction

The fulfillment or gratification of a desire, need, or appetite; a measure of utilities or happiness obtained from consuming goods or services.

Marginal Rate

The rate at which something changes as the amount of that something increases or decreases, often used in the context of tax, referring to the rate applied to the last dollar earned.

Indifference Curve

A graph showing combinations of goods between which a consumer is indifferent, reflecting their preferences and trade-offs.

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