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Floyd Electric Is Fabricating Flanges for a New Electrical Motor

question 10

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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.He has heard discussion of 6 sigma in the business news recently and would like to join the club. 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.He has heard discussion of 6 sigma in the business news recently and would like to join the club.   What percentage decrease in process standard deviation would be required for Floyd Electric to achieve 6-sigma process capability? Assume that his process mean remains where it is. A)  36% B)  40% C)  46% D)  58% What percentage decrease in process standard deviation would be required for Floyd Electric to achieve 6-sigma process capability? Assume that his process mean remains where it is.


Definitions:

Market

A venue or mechanism where buyers and sellers interact to trade goods, services, or information.

Marginal Revenue

The increase in financial returns a business achieves by disposing of one more unit of a good or service.

Marginal Cost

Marginal cost is the additional cost incurred from producing one more unit of a good or service, vital for decision-making on production levels.

Purely Competitive Firm

A company in a market where there are many buyers and sellers, the products are homogeneous, and there are no barriers to entry or exit, leading to zero economic profit in the long run.

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