Process Capability Process capability of a process is the extent of variation in the Quality characteristic of the process output, when the process is operating in a state of Statistical control under a given set of conditions
What is lean Lean is nothing but waste reduction toll in any organisation It is non-value added activity, but indirectly it helps for increasing the revenue and growth of the organisation If waste...
Let's look a bit more closely at the tools we can use for analyzing categorical survey data. Again, the diagram below shows the tools that are available to you and their objectives.
Let's take a closer look at the tools for numerical survey data analysis. The graph below shows the tools that are available to you and their objectives in each case. These methods are often used to group...
What Is Monte Carlo Simulation? The Monte Carlo method uses repeated random sampling to generate simulated data to use with a mathematical model. This model often comes from a statistical analysis, such...