Compute the C_pk Measure of Process Capability for the Following

question 107

Short Answer

Compute the C_pk measure of process capability for the following machine and interpret the findings. What value would you have obtained with the C_p measure?
Upper spec limit = 100 feet
Lower spec limit = 99.5 feet
Process ? = 99.8 feet
Process ? = .08 feet

---

Definitions:

Binding Price Ceiling

A limit imposed by the government on how high a price can be charged for a good or service, which is set below the equilibrium price, causing a shortage.

Tax Revenue

Government income obtained from taxation.

Payroll Tax

Duties levied on employees or the companies that employ them, computed as a percentage of the remuneration the employees are given.

Wages

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.