What Three Principles Underlie the Statistical Thinking of Six Sigma

question 63

Essay

What three principles underlie the statistical thinking of Six Sigma quality control programs?

---

Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations to finance their immediate operational needs, characterized by its low-risk and short maturity period.

Tax-exempt

Refers to income, transactions, or entities that are not subject to tax by government authorities.

Weighted Average

A mean calculated by giving values in a data set more influence according to some attribute of the data, such as frequency or importance.

Daily Receipts

The total amount of cash collected by a business within a single day.