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A Belt working in a supply chain environment has to make a decision to change suppliers of critical raw materials for a new product upgrade. The purchasing manager is depending on the Belt’s effort requiring that the average cost of an internal critical raw material component be less than or equal to $3,800 in order to stay within budget. Using a sample of 38 first article components, a Mean of the new product upgrade price of $3,680, and a Standard Deviation of $120 was estimated. In order to increase the Long Term Z value to 5, what is the maximum long term variation in pricing the Belt can accept for his upgraded critical raw material component?
The distance between the Mean of a data set and the Point of Inflection on a Normal curve is called the _______________.
Which statement(s) are correct about the Pareto Chart shown here for the DOE analysis? (Note: There are 2 correct answers).
Review the analysis shown here.
Which statements are true about the process? (Note: There are 3 correct answers).
What aspects of Measurement Systems Analysis (MSA) studies are applicable when the process used to measure does not damage the part?