Describe the design phase of the DMAIC process. What are the four parts of the design phase?
What will be an ideal response?
In the define phase, projects are identified and selected. Project selection is performed under the direction and with the participation of the champion. Also involved in selection are master black belts and black or green belts. We discuss this in four phases:
1. Developing the business case
2. Project evaluation
3. Pareto analysis
4. Project definition
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Darwin Company sells glass vases at a wholesale price of $4 50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed costs are $8,500. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell? (Round any intermediate calculations to two decimal places and your final answer to the nearest whole number.)
A) 130,500 glass vases B) 8,500 glass vases C) 34,182 glass vases D) 5,182 glass vases
The term structure of interest rates represents the relationship between which of the following?
A. Nominal rates on risk-free and risky bonds B. Real rates on risk-free and risky bonds C. Nominal and real rates on default-free, pure discount bonds D. Market and coupon rates on default-free, pure discount bonds E. Nominal rates on default-free, pure discount bonds and time to maturity