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Floyd Electric is fabricating flanges for a new electrical motor.The flange is to be 25 millimeters in diameter with an upper tolerance limit of 26.5 millimeters and a lower tolerance limit of 23.5 millimeters.Bill Floyd took a sample consisting of ten flanges,measured the diameter and recorded the observations in the table. What is Floyd Electric's process capability index?
Supply Price
The minimum price at which a producer is willing to sell a good or service, influenced by production costs and market conditions.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price level.
Quota
A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specific time.
Consumers Pay
The amount of money paid by consumers to purchase goods and services, reflecting their expenditure on consumer products.
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