The Capability Index Is

question 102

Multiple Choice

The capability index is:

• A) The ratio of the range of values produced by a process divided by the range of values allowed by the design specification.
• B) The ratio of the range of values allowed by the design specifications divided by the range of values produced by the process.
• C) The ratio of the capacity of a process (in units) divided by the annual unit demand.
• D) The overhead generated by a piece of equipment divided by the overhead absorbed by that piece of equipment.
• E) The number of minutes in a machining cycle that a piece of equipment can capably operate without human intervention.

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Definitions:

Buckwheat Crop

Refers to the agricultural production of buckwheat, a plant cultivated for its grain-like seeds and as a cover crop.

Inverse Demand

A representation of the demand relationship that expresses price as a function of quantity demanded, illustrating how prices can vary with changes in demand.

Demand Curve

A graphical representation showing the relationship between the quantity of a good consumers are willing to buy and its price.

Demand Function

A mathematical representation that describes the relationship between the quantity of a good demanded and its price, among other variables.