A Quick Setup or Changeover of Tooling and Fixtures Is

question 3

Multiple Choice

A quick setup or changeover of tooling and fixtures is associated with _____.

• A) visual controls
• B) single minute exchange of dies
• C) single-piece flow
• D) six sigma

---

Definitions:

Parsimony

The principle of using the simplest or least complicated explanatory means necessary to adequately account for observed phenomena, often used in model selection.

Regression Model

A statistical technique for estimating the relationships among variables, often used for prediction and forecasting.

T-statistic

A type of statistic used in hypothesis testing, calculated from sample data to determine whether to reject the null hypothesis.

Correlation Coefficient

The correlation coefficient is a statistical measure that calculates the strength and direction of a linear relationship between two variables.