A Powder Metal Manufacturing Company Is Producing Sleeves for a Locking

question 91

Multiple Choice

A powder metal manufacturing company is producing sleeves for a locking mechanism.The target (nominal) value for the inside diameter is 1 inch.The inside diameter specifications are 1 ± .005 inches.Assume that the process is in statistical control with $\overline { \overline { X } }$

= 1) 0002 inches, $\overline { \mathrm { R } }$
= ) 003 inches,and subgroup size of 5.Determine the estimated number of standard deviations of process leeway.

• A)3
• B)1.667
• C)3.72
• D)1.443
• E).72

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Definitions:

Utility-Maximizing

Utility-maximizing is a principle in economics where individuals or entities choose the options that provide the highest satisfaction or utility from the available choices, given their preferences and constraints.

Substitute Goods

Products or services that can be used in place of each other. When the price of one falls, the demand for the other product falls; conversely, when the price of one product rises, the demand for the other product rises.

Consumer Behavior

The analysis of how consumers' preferences and economic decisions affect the demand for goods and services.

Marginal Utility

The change in total utility a person derives from consuming an additional unit of a good or service.