________ Continuously Innovates and Employs Best Practices to Keep Simplifying

question 16

Multiple Choice

________ continuously innovates and employs best practices to keep simplifying processes,reducing costs,and increasing production efficiencies.

• A)CIM
• B)Lean production
• C)Remanufacturing
• D)Robotics
• E)Mass customization

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Definitions:

Power

In statistics, the probability that a test will correctly reject a false null hypothesis; essentially, the test's sensitivity to detect an effect when there is one.

Likelihood Of Error

The probability or chance that a statistical conclusion may be incorrect or misleading.

Mean

An average of a set of numbers, calculated by dividing the sum of all the values by the number of values.

Z Score

A numerical calculation indicating how a specific value's distance from the group's average is expressed in multiple standard deviations.