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Training cost $6,500 and a project required an initial investment of $47,500. If the project yields monthly savings of $3,500 beginning after 4 months, what is the payback period in months, before money costs and taxes?
The ____________ is important because it provides an estimate of the probability of an event occurring depending on the Standard Deviation from the Mean.
The generation of a Regression Equation is justified when we _____________. (Note: There are 4 correct answers).
Which element of waste best describes the cost of a resource being in the queue?
A periodic time frame can be used to arrange for Control Limit and Center Line calculations with good SPC implementation in a process.
Which statement(s) are correct for the Regression Analysis shown here? (Note: There are 2 correct answers).
Lean removes many forms of ______________ so Six Sigma can focus on reducing _______________.
The deviation of the measured value from the actual value regardless of the operator is known as ______________.
If the data displayed in a Histogram displays two peaks the distribution would likely be _____________.
Typically a person who is trained to the skill level of a Black Belt is nearly 80% dedicated to applying Lean Six Sigma methodologies towards process solutions.
The deviation of the measured value from the actual value is known as _____________.
In order to standardize project savings financial calculation such project benefits can be compared the financial savings are typically calculated over what period of time?
Customers make a purchase decision based on a number of factors. In Lean Six Sigma we refer to these decision points as CTQ’s or as ____________________.
Lean had its origins in the development and practice of the ___________ Production System.
What is the Cycle Time, in minutes, for a process having a Throughput of 360 units per hour?
Significant variation in process performance is a consequence of several causes that can be classified using terminologies shown here. (Note: There are 2 correct answers).
Kanbans work best with pull systems for determining the timing of which products or services are produced.
The use of station warning lights, tool boards and jidohka devices in the application of Lean accomplish which of these principles?
According to a manager it takes an average weekday commute of 39 minutes with a Standard Deviation of 7 minutes for the employees to get to work when they use their personal vehicles for their office commute while management set a policy of not more than 40 minutes for their daily one-way commute. A survey conducted one day on 70 employees showed an average of 34 minutes commuting time using the metro public transportation system with a Standard Deviation of 21 minutes. For the employees choosing to increase their chances to come on time using personal transportation their variation should be reduced to ___________?
The following Business Case is constructed properly.
“In business unit A there are too many flashlight returns and flashlight sales have decreased by 25 percent.”
When two Inputs have an impact on the Output together yet seem to have no or little impact on their own this is called a/an ________________.
Customers make a purchase decision based on a number of factors. In Lean Six Sigma we refer to these decision points as CTQ’s which stands for __________.
Non-parametric testing is done when which of these are applicable? (Note: There are 3 correct answers).
Non-parametric testing is done when which of these are applicable? (Note: There are 3 correct answers).
One of the metrics commonly used in Lean Six Sigma is DPU. This acronym stands for ___________________.
Long-term Data represents all the variation that one can expect within the subject process.
Those who are trained to the skill levels of a Black Belt are typically utilized to apply Lean Six Sigma methodologies what percentage of their time?
Conducting a viable Capability Analysis using Attribute Data one must obtain a fairly large sample set to be statistically sound.
Which of these statements describe an undesirable situation when implementing SPC? (Note: There are 2 correct answers).
Which statement(s) are true about the Fitted Line Plot shown here? (Note: There are 2 correct answers).
When it comes to Control one of the most effective means of eliminating defects is to _________________ .
Cost of Poor Quality (COPQ) can be classified as Tangible (Visible) Costs and Hidden Costs.
According to the definition of Rolled Throughput Yield which of the following items best describe the purpose of RTY?
The Central Limit Theorem helps us understand the ___________ we are taking and is the basis for using sampling to estimate population parameters.
The use of Kanbans work best with pull systems for determining the timing of which products or services are produced.
A periodic time frame can be used to arrange for Control Limit and Center Line calculations with good SPC implementation in a process.
Examples of a Visual Factory include which of these? (Note: There are 2 correct answers).
Fractional Factorial designs for an experimental approach are used when ____________ about the multiple metric interaction in a process.
Fractional Factorial designs for an experimental approach are used when ____________ about the multiple metric interaction in a process.
A Belt experienced an Alpha of .05 and a Beta of .10 and knew these are the most common risk levels when running a Statistical test.
A Belt gathered the following defect data for a shoe production line and wanted to assemble it into a Pareto Chart. The correct order from left to right in the chart would be:
Data:
Cutting38
Forming17
Stitching56
Sealing42
The reason(s) for not marking the customer Specification Limits (SL) on a Control Chart is which of these? (Note: There are 4 correct answers).
Standardized work instructions apply to which resource in the process of interest?
In the late 1980’s William Smith coined the name Six Sigma for a methodology that had its origins at __________________ for quality related work being done there.
Which statement(s) are correct for the Regression Analysis shown here? (Note: There are 2 correct answers).
The Central Limit Theorem helps us understand the ___________ we are taking and is the basis for using sampling to estimate population parameters.
The X-Y Diagram is a tool used to identify/collate potential X's and assess their relative impact on multiple Y's.
TESTED 16 May 2024