XYZ Manufacturing Has Received an Order to Produce a Rod

question 77

Multiple Choice

XYZ manufacturing has received an order to produce a rod 5 inches in diameter + .04 inch. In sample runs, the machine tool that will be making the rod has been able to produce rods with a mean diameter of 4.99 inches and a standard deviation of 0.011 inch. The process capability ratio for this process is

• A) -1.44
• B) -1.21
• C) 1.21
• D) 1.44

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Definitions:

Excise Tax

A tax on the sale or consumption of specific goods or services, such as alcohol or gasoline.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Excise Tax

A tax levied on specific goods or services at the point of manufacture, purchase, or sale, distinct from general sales taxes.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something else undesirable.