Bell-shaped
To be bell-shaped with a distribution means that most of the values are in the center, and fewer and fewer values tail out to either side symmetrically. Use: If you …
To be bell-shaped with a distribution means that most of the values are in the center, and fewer and fewer values tail out to either side symmetrically. Use: If you …
Binomial data are based on the existence of only two mutually-exclusive outcomes (or categories). These two outcomes are commonly referred to in statistics as successes and failures. In industry applications, …
For the binomial experiment, you need to have four things. A fixed number of trials. The number of trials need to be independent The probability of success on every trial …
The Black Belt is generally a full-time process improvement position within an organization. It might be full time, but it many times is a temporary position – perhaps a two-year …
Business Process Management (BPM) is more of a holistic management approach (as compared to Six Sigma) focusing on aligning all aspects of an organization with the wants and needs of …
While brainstorming is a widely accepted technique in the business world, it’s absolutely crucial when using Lean Six Sigma. Project team leaders with expertise in how to apply Lean Six …
A business case is one of the major components of the project charter. The other two major components include the problem statement and the project scope. The business case describes, …
The capability ratio is the inverse of the Cp index. Remember that the Cp index is the specification spread divided by the process spread of six standard deviations. Flip that formula around and you would be dividing the process spread by the specification spread. In the case of a capability ratio, you would be looking for a smaller-is-better characteristic. With the Cp index, you are looking for a larger-is-better characteristic.