You Have Just Used the Capability Index (Cpk) Formulas to Compute

question 64

Multiple Choice

You have just used the capability index (Cpk) formulas to compute the two values "min [2, 2.5]." Which of the following is the proper interpretation of these numbers?

• A) The true capability index value is 2.5.
• B) The mean of the production process has shifted to the left of the design limits.
• C) The mean of the production process has shifted to the right of the design limits.
• D) The mean has not shifted at all.
• E) The true capability index value is between 2 and 2.5.

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Definitions:

Perfect Information

A theoretical concept where all participants have access to all relevant information, making fully informed decisions possible.

Preposterior Analysis

An evaluation method used in decision theory to assess the value of collecting additional information before making a decision.

Prediction Value

The expected outcomes or values predicted by a statistical model or algorithm.

Cost Of Information

The total expense involved in generating, processing, storing, and transmitting information, including any financial, time, or resource costs.