Which of the Following Is Not an Analytical Tool Used

question 5

Multiple Choice

Which of the following is not an analytical tool used in six-sigma quality improvement programs?

• A)Flowcharts
• B)Run charts
• C)Control charts
• D
• D)Pareto diagrams
• E)Decision diagrams

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Definitions:

Tax

An obligatory fiscal contribution or another form of assessment enacted by a governmental body on individuals or entities, aimed at generating revenue for government activities and public spending.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Supply Function

An economic formula that shows the relationship between the quantity of a good supplied and its price, often influenced by production costs and market competition.

Supply Function

A mathematical relationship that describes the quantity of a good or service that producers are willing to sell at various prices.