Mat 510 Week 11 Final Exam

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Question 1: The principal drivers of the rapid change in the global economy are:

Question 2: What is tool that can be used to detect the structure variation?

Question 3: Improving the quality of process measurements is:

Question 4: Sub-optimization occurs when:

Question 5: Which type of variation was critical to resolving the realized revenue case study?

Question 6: In evaluating data on our process outputs, four characteristics we might investigate are: central tendency, variation, shape of distribution, and stability. Which of the following tools would be most helpful to determine the …show more content…

Displaying cross-function activities in simple terms

Helping maintain the big business picture
Question 27: The fact that processes tend to be dynamic, rather than static, is a key principle of statistical thinking. Which of the following is a natural consequence of this fact?

Question 28: Suppose the Process Improvement Framework were used to attack a problem where the process in question was inherently unstable. Which of the following would be a likely result of this effort?

Question 29: A manufacturing process has been experiencing problems. The operators charting the process data have identified the cause to be due to an unanticipated change in incoming raw materials. This problem should be considered:

Question 30: Figure 2.16 shows a chart of the Dow Jones Industrial Average from 1990 through 2011. This plot reveals some obvious change points, such as the 2008 financial collapse, and some unexplainable short-term variation. Assuming that these are the only sources of variation in this plot, what source of variation is NOT visible in the plot?

Question 31: In the advertising case study, the unexpected “V” shaped pattern in the plot of advertising dollars versus sales indicated

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