Suppose a and B Are Events Where P(A)= 0

question 118

Short Answer

Suppose A and B are events where P(A)= 0.4,P(B)= 0.5,and P (A and B)= 0.1.Then P (A or B)= .

Delineate the real costs associated with quality and their effect on an organization’s profitability.

Appreciate the importance of process capability analysis in assessing process performance.

Identify the relevance of supplier certification programs and their impact on quality and costs.

Understand lean management philosophy and its emphasis on waste reduction.

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Definitions:

Profit Centers

Divisions or segments within a company that are directly responsible for generating profits, evaluated based on their performance.

Net Income

The remaining profit after deducting all expenses, taxes, and costs from the total revenue.

Service Department Cost

Expenses associated with the functions that support the production or selling activities of a business, such as maintenance, cleaning, and security services.

Macro Division

A segment within a company or industry that focuses on the broad, overall management and strategies rather than individual components or products.