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Analyze Phase Quizzes

  Root Cause 6 Questions Hypothesis   testing   is   used   to   determine   which   process   factors   are   the   cause   of   the   variation   in   our   output   that   is   causing   defects.   TRue Statistical   data   analysis   enables   us   to   validate   the   root   causes   with   95%   confidence   in  the   results. True In hypothesis testing we are trying to determine if we can reject the alternative hypothesis (groups are different). False “r-squared” is the square of the correlation coefficient and is the measure of how much variation in the process output is accounted for by the model. True An r = +0.86 would indicate which of the following (choose one). | Strong positive relationship When conducting a hypothesis test, we usually treat "P is less than 0.05" as indicative that the difference between groups is insignificant. False Regression analysis takes correlation one step further by developing a mathematical model that represents the relationship betw
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Measure Phase Quiz

One   of   the   deliverables   of   the   Measure   Phase   is   to   calculate   baseline   performance. True   Process efficiency is defined as the extent to which customer requirements are met. False An input measure should be linked as closely as possible to the customer requirement. False The focus of the Measure Phase is to (choose one).   All of the above The following equation, Y = function(X), is meant to symbolize the following relationship (choose one). Ys (outputs) are driven or influenced by Xs (inputs and process) A guideline for developing a process measure is (choose one). All of the above, Input, process, and output measures are all examples of indicators. True An X is a predictor, is independent, and a cause that should be investigated. | True  An example of continuous data is (choose one)  Both the first and second answers above A data collection plan contains the following elements (choose one). All of the above  Check sheets are a type of data collection form that

FIN5063-2W2Quizzes

 1. You are estimating your company’s external financing needs for the next year. Your first-pass pro forma financial statements showed a large financing deficit for next year. Which of the following changes to your company’s operating plan would reduce the financing deficit if incorporated in revised pro forma financial statements? Sol: Reduce the collection period 2. To estimate H-32 Corporation’s external financing needs, the CFO needs to figure out how much equity her firm will have at the end of next year. At the end of the most recent fiscal year, H-32’s retained earnings were $158,000. The controller has estimated that over the next year, gross profits will be $360,700, earnings after tax will total $23,400, and H-32 will pay $10,400 in dividends. What are the estimated retained earnings at the end of next year? Sol: $171,000 3. The most common approach to developing pro forma financial statements is called the Sol: percent-of-sales method. 4. Which of the following are viable t

MBA5013 Final Exam Lindsey

  Your Answers: Results for question 1. 1 2 / 2 points The __________ approach shifted the emphasis from structure, power, and individualization to individual needs and human relationships. c. human resources , Not Selected Correct answer: b. human relations d. Theory Z , Not Selected a. classical , Not Selected Results for question 2. 2 2 / 2 points Becca’s team spends hours trying to collaborate to come up with a solution to their conflict, and some members even tried competing for their ideas. The team should then shift to a(n) __________ style. b. accommodation , Not Selected Correct answer: c. compromise a. avoiding , Not Selected d. collaboration , Not Selected Results for question 3. 3 2 / 2 points __________ explains how we judge people differently depending on the meaning we attribute to their behavior. Correct answer: a. Attribution theory c. Self-serving bias , Not Selected d. Extraversion , Not Selected b. Fundamental attribution error , Not Selected Results for question 4.