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Use the following to answer the questions.
Colin Jackson recently purchased Blue Waters Adventures,a kayak and canoeing rental business near the Chatsworth River in Arizona.Even though the winters in the area can be cold,kayaking and canoeing activities are generally popular year-round.After two months of operation,it became clear why the previous owners had sold the business: even though it seemed to be ideally located,sales were extremely disappointing.
-Refer to Scenario 4.2.Colin decided to apply some of the things he had learned in his MBA marketing research class to his business.The first thing he did was to
3-Sigma
A statistical term that refers to three standard deviations away from the mean of a normal distribution, covering 99.7% of all values.
Natural Tolerances
Natural tolerances refer to the inherent variation limits in a manufacturing or production process, dictated by the process capabilities without external influences.
Groove Width
In manufacturing, the measurement of the width of a groove or slot, often critical in precision engineering contexts.
Center Line
In statistical process control, a line on a control chart that represents the average, expected value, or mean of the process being monitored.
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