When one speaks of 20% of something contributing 80% of the affect they are referring to what is known as the _________________.
A. Shewhart Example
B. Connection Principle
C. Balance Equation
D. Pareto Principle
Using this data calculate the percentage of DPU. Data: 763 defects, 18,000 units.
A. 2.12
B. 3.42
C. 4.24
D. 5.72
Handling of warranty returns, process improvement team meetings and rework to meet customer expectations are all examples of business costs that are classified as ___________.
A. Nuisance
B. Non-value Add
C. Necessary
D. Unavoidable
What dollar amount of savings would a project show if it reduced your outstanding Accounts Receivable by $0.9 million dollars to $3.5 million total and your organization's marginal cost of capital was 5.7%?
A. $49,250
B. $51,300
C. $117,500
D. $202,424
As a means of measuring the effects on other areas of a process as a result of changes in the primary metric we also define and track ________________.
A. Parallel process metrics
B. Secondary metrics
C. Tertiary metrics
D. Industry standards
Which of these are examples of business metrics or Key Performance Indicators commonly referred to as KPI's?
A. Cycle Time
B. Defects
C. No. of Units Reworked
D. Labor Hours
E. All of these answers are correct
"A calculated time frame that matches customer demand" is a definition of what Lean Principles term?
A. Value Stream
B. Kaizen event
C. Takt time
D. Kanban
Calculate the Rolled Throughput Yield of this process using this data. Data: unit input: 1215, unit output: 1180, defects repaired: 184, scrap: 42
A. 80.85%
B. 81.40%
C. 82.23%
D. 84.96%
The distance between the Mean of a data set and the Point of Inflection on a Normal curve is called the _______________.
A. Curve Spread
B. Standard Deviation
C. Numerical Average
D. Data Breadth
One of the foundations of Lean Six Sigma is the concept that the output of a process (Y) is influenced by the process inputs (X's) and is commonly shown as which formula?
A. Y = Z(X2)
B. Y = f(X3)
C. Y = f(Xn)
D. Y = g(X+ 1.5)
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