The value of money decreases rapidly
Answer:
Cp = 1.667
Cpk = 1.25
The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1
Explanation:
Given data:
Customer Specification 3.98 4.02
Process Average 4.005
Process Standard Deviation 0.004
<u>Calculate the Cp and Cpk values</u>
Cp = Δ customer specification / ( 6 * std )
= (4.02 - 3.98 ) / ( 6 * 0.04 )
= 0.04 / 0.24 = 0.1667 + 1 = 1.667
Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )
= ( 4.02 - 4.005 ) / ( 3 * 0.004 ) = 1.25
Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )
= ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083
Cpk = minimum value of Cpk = 1.25
Answer:
The given statement is <u>False.</u>
A balance sheet is often described as a "snapshot of a company's financial condition.
Answer: a good with an elastic supply
Explanation:
Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.
Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.
