Answer:
Machine 2 has a higher process capability index, it would be best considered for purchase.
Explanation:
Process capability index: Cpk= Min [(mean-L spec)/3sd; (U spec-mean)/3sd]
For machine 1, mean= 48mm and L spec= 46 and U spec= 50, Standard deviation sd= 0.7
Cpk= [0.952;0.952]= 0.952
For machine 2, mean= 47 and L spec= 46 and U spec= 50, Standard deviation sd= 0.3
Cpk= [1.111;3.333]= 1.111
It is clearly observed from the calculations above that the Cpk value of machine 2 is higher than that of machine 1.
Since machine 2 has a higher process capability index, it would be best considered for purchase.