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A machining process is capable of producing a component with an average specification of 5 inches and a process standard deviation of 0.1 inch.Supposing the customer accepts the component as long as it falls between 4.8 inches and 5.2 inches,then the process capability is
Big Risks
Actions or decisions in any context that carry a significant potential for negative outcomes but also potentially high rewards.
Democratic Leader
A person in charge who confers final authority on the group.
Product Development
The creation of new products or enhancement of existing ones, from idea through design, testing, and finally to market introduction.
Consultative Leader
A leadership style characterized by seeking input and feedback from team members before making decisions.
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