As Per the Risk and Return Evaluation Matrix for Six

question 41

Multiple Choice

As per the Risk and Return evaluation matrix for Six Sigma projects,projects that are home runs have a

• A)low risk factor and low return factor.
• B)high risk factor and low return factor.
• C)low risk factor and high return factor.
• D)high risk factor and high return factor

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Definitions:

Equal Chance

The concept that every outcome of a particular experiment or event has the same probability of occurring.

Target Population

The entire group about which a researcher intends to generalize the findings from a study.

Sampled Population

The sampled population refers to the subset of a population that is selected for analysis in a study, representative of the larger group to derive conclusions about it.

Bias

A systematic error or deviation in results or inferences from the truth, often resulting from process flaws or assumptions that affect the validity of results.