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The specifications for a manifold gasket that installs between two engine parts calls for a thickness of 2.500 mm ± .020 mm.The standard deviation of the process is estimated to be 0.004 mm.What are the upper and lower specification limits for this product? The process is currently operating at a mean thickness of 2.50 mm.(a)What is the for this process? (b)The purchaser of these parts requires a capability index of 1.50.Is this process capable? Is this process good enough for the supplier? (c)If the process mean were to drift from its setting of 2.500 mm to a new mean of 2.497,would the process still be good enough for the supplier's needs?
Price/Earnings Ratio
A financial ratio that compares a company's share price to its earnings per share, indicating the value that investors are ready to pay for each dollar of earnings.
Market Price
The current price at which an asset or service can be bought or sold.
Working Capital
The dollar difference between total current assets and total current liabilities.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.
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