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Q 1 The capability index (Cpk) calculates the percentage of items being produced within specifications.
Q 2 Design quality in products refers to the degree to which a product or service design specifications are met.
Q 3 A process that is in six-sigma control will produce no more than two defects out of every million units.
Q 4 ISO 14000 is primarily concerned with environmental management.
Q 5 It is impossible to have zero variability in production processes.
Why is quantitative risk so important in risk mitigation? Explain how you have seen this in action in life or in your organization.
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