Pareto analysis - Study guides, Class notes & Summaries

COMM-225-QUIZ-3-QUESTIONS WITH CORRECT ANSWERS 30 OUT 0F 30 SCORED () Concordia University Question 1 The quality control improvement tool which distinguishes between the "important few" and the "trivial many" is: Select one: a. Pareto analysis. b. benchmarking. c. cause-and-effect diagrams. d. check sheets. e. Process flow diagram. Question 2 The Chair of the Operations Management Department at Quality University wants to construct a p-chart for determining whether the four inst...

ASQ Green Belt Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| Grade A| 100% Correct Q: When the sampling method used creates a difference between the result obtained from the sample and the actual population value, the difference is known as a. Correlation b. Precision c. Accuracy d. Bias Answer: d. Bias Q: Which of the following is an example of mistake-proofing? a. Using an Xbar and R chart to prevent errors b. Using 100% inspection to detect and cont...

Lean Six Sigma Green Belt AIGPE Exam Questions With Verified Solutions Inferential statistics - answerProcedures used to draw conclusions about larger populations from small samples of data. 7 Basic tools of quality - answer1. Fishbone (Cause-and-Effect) Diagrams 2. Check Sheets 3. Process Maps (SIPOC) 4. Histograms 5. Pareto Charts 6. 5 why analysis 7. Run chart SIPOC (Process Map) - answerSupplier Inputs Process Outputs Customer Used for: Defining the boundaries of the process...

L4M4 - Chapter 2 Questions and Answers 100% Pass How does the Pareto Principle differ to the ABC Analysis? - Correct Answer ️️ -Instead of the Pareto 80/20 split, the figure splits the suppliers into three categories. 'A', 'B', 'C'. They are categorised according to their levels of importance/spend to the buying organisation. Figure 2.1 : 'A' suppliers represent 20% of the total spend (these suppliers are responsible for the highest level of spend, most important). 'B' supp...

________ survey questions allow for quantitative analysis closed ended Value stream maps help identify all of the following sources of waste, bottlenecks, material & information flow, improvement opportunities Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:07 / 0:15 Full screen The Fishbone diagram is part of the ________ phase of the Define, Measure, Analyze, Improve, and Control (DMAIC) cycle. analyze When creati...

RIMS-CRMP REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A business model is a set of assumptions about the ______ A. financial stability of an organization B. organizational structure of a business C. products and services past performance D. way an organization creates value - -D. way an organization creates value What two analytical tools are particularly useful in analyzing the business model? A. Key performance indicators and total cost of risk B. Key risk indicators and gap...

An element of the project scope statement is: A. Acceptance criteria. B. A stakeholder list. C. A summary budget. D. High-level risks. A Which document describes the necessary information to determine if a project is worth the required investment? A. Cost baseline B. Service level agreement C. Memorandum of understanding D. Business case D Which input to the Plan Risk Management process provides information on high-level risks? A. Project charter B. Enterprise env...

When considering the use of an external subject matter expert (SME), which of the following is most critical? A. leadership's personal preference B. geographic location of the SME C. cost of the SME's services D. references of the SME Correct Answer-D. references of the SME The positive clinical reputation provides credibility support to the project. To avoid misinterpreting variances, which of the following statistical tools should be used? A. control chart B. fishbone diagram C. f...

An element of the project scope statement is: A. Acceptance criteria. B. A stakeholder list. C. A summary budget. D. High-level risks. A Which document describes the necessary information to determine if a project is worth the required investment? A. Cost baseline B. Service level agreement C. Memorandum of understanding D. Business case D Which input to the Plan Risk Management process provides information on high-level risks? A. Project charter B. Enterprise env...

CPPB Exam - Domain VI - Strategic Procurement Planning Questions and Answers SWOT analysis - ANS ️️ a planning tool used to analyze an organization's strengths, weaknesses, opportunities, and threats Pareto Principle - ANS ️️ 80% of purchasing cost is created by 20% of the purchase orders issued spend analysis - ANS ️️ process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monit...