RNI is a parsimony fit index

Indicate whether the statement is true or false

FALSE

Business

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MKS Inc., produces meter sticks that have a target length of 100 centimeters with upper and lower specification limits of 100.05 and 99.95 centimeters respectively

Their existing process produces meter sticks with an average length of 100.00 centimeters and a standard deviation of 0.015 centimeters. What is their current process capability index? A) 0.44 B) 0.83 C) 1.11 D) 1.26

Business

A local paint store carries 4 brands of paint (W, X, Y, and Z). The store has 5 cans of W, 3 cans of X, 6 cans of Y, and 15 cans of Z, all in white. It is thought that customers have no preference for one of these brands over another

If this is the case, what is the probability that the next 5 customers will select 1 can of W, X, Y and 2 cans of brand Z?A) About .23 B) Approximately .08 C) Over .30 D) 0.25

Business