Category: Concepts
Tips and Tricks for Calculating the Trimmed Mean in Your Data Analysis
Updated:Trimmed mean is defined as the mean calculated by trimming 5% data sets from the top and bottom of data sets
Read more ยปThe Power of Process Decision Program Charts in Risk Mitigation
Updated:An analytical management tool used to develop a basic outline of core processes and help the analysts consider what may go wrong with each step.
Read more ยปWhat are Dependent Variables and Why Do They Matter in Data Analysis?
Updated:In business, your profit will be dependent upon several variables such as material and labor costs. Other variables will also be dependent upon several other independent variables.
Read more ยปWhat Every Company Needs to Know About Z st
Updated:While you may not be familiar with the specifics of Z st, youโve almost certainly heard of it. Itโs a measure of the distance between two data points on a distribution curve, and it can be used in many different ways to enhance your understanding of how processes work.
Read more ยปInspection: Key to Quality Control
Updated:Being able to provide your customers with quality goods and services should be a primary goal of any business. In order to be able to provide quality, inspections need to be part of your process.
Read more ยปWhy Calibration is Essential for Quality Control
Updated:Calibration is the act of testing the accuracy of measurement equipment and adjusting it to conform to an independent standard.
Read more ยปUnderstanding the Importance of Fits in Statistical Modeling
Updated:Fits are another term for fitted values. A fitted value is a prediction in a statistical model of a mean response value.
Read more ยปWhat The Hawthorne Effect Teaches Us About Motivating Workers
Updated:Have you ever noticed that, when you observe people doing their job, they may alter the way they work if they know you are looking? That sums up the essence of the Hawthorne Effect.
Read more ยปHow Change Management Benefits Your Organization
Updated:Change management is defined as the methodological approach a company takes in the implemental change of its internal and external processes.
Read more ยปPlanning Ahead: How to Predict and Prepare for Effects
Updated:For every action we take, there is an effect. Some actions may have only one or a few effects, while others can have a multitude. Having an understanding of the effects of actions, as well as what exactly causes them, helps us be mindful of which actions to take.
Read more ยปBinomial Random Variables: A Guide to Calculating Probabilities
Updated:You might be familiar with a continuous random variable where you can measure something with an infinite number of possible values. But what if your data has only two possible values; good or bad? Maybe we can answer that with a discussion of a binomial random variable.
Read more ยปUnderstanding Datsu Chaku: Efficiency and Cost-Savings
Updated:Knowing when your methods are not the most efficient is an important realization to have. Being willing to improve upon your processes and make them more efficient can be a deciding factor on whether your business is going to survive and thrive. Manufacturers may begin with processes that utilize a more Datsu Chaku method, but should always be working towards a more Chaku Chaku-focused mode of operations.
Read more ยปThe Link Between Information Technology Infrastructure Libraries and Risk Management
Updated:A collection of educational and research material that outlines a systemic model for companies delivering IT services.
Read more ยปUnderstanding The Relationship Between Black Noise and Process Improvement
Updated:Black noise is a phenomenon that occurs during Lean Six Sigma projects. It often causes confusion and frustration for project managers and team members alike, but understanding black noise can make your projects run more smoothly and efficiently.
Read more ยปHow Hyper Micro Process Maps Can Help Businesses Boost Productivity
Updated:Sometimes you have to break something down into the smallest possible pieces before you can make it right. Process mapping is one of the first major steps when adopting six sigma, so itโs something business leaders should learn to love. Depicting workflow and processes in a visual format sets the stage for defining, understanding and […]
Read more ยปThe Science Behind Box Plot Whiskers
Updated:Overview: What is a whisker? We need to do a quick review of a box plot before discussing a whisker. The box plot, also referred to as a box and whiskers plot, was introduced in 1970 by American statistician, Dr. John Tukey.ย A box plot consists of two parts, a box, and a set of […]
Read more ยปThe Impact of Lurking Variables: Why Ignoring Them Can be Costly
Updated:You just did some statistical analysis, but your results donโt make sense to you. Did you capture all the variables you needed or is there something you missed? Maybe there is a lurking variable.
Read more ยปUnderstanding Range: What it is and What it isn’t
Updated:The three descriptors that can be used to describe the variation or dispersion of your data are the standard deviation, variance and range. The range is the easiest to calculate, but not the most useful in describing the variation of your data.
Read more ยปExpert Tips and Tricks for Using Pareto Charts in Your Data Analysis
Updated:You have probably heard of the Pareto Principle and used a Pareto Chart. Since it is one of the 7 QC Tools, letโs explore this topic in a little more detail.
Read more ยปWhat is the Median and Why is it Important in Statistics?
Updated:The median strip in the road runs down the middle so half the road is on one side and the other half on the other side. Does the statistical median do the same thing?ย
Read more ยปBreaking Down What You Need to Know About Main Effects
Updated:If you wanted to improve the gas mileage of your car, what factors would you look at to do that? How would you measure the impact or effect of those factors? Computing the main effect could answer your question.
Read more ยปLead Time vs. Takt Time: Which One Should You Prioritize?
Updated:What is Lead Time? Lead time is the amount of time that it takes to get a product or service completed for a customer, from the time of ordering until completion of delivery. A lot of factors can figure into the amount of lead time. Some factors include supplier back-up, other orders that need fulfilling, […]
Read more ยปBuffering Best Practices: Prioritizing Processes and Reducing Costs
Updated:Buffers are basic protection for businesses, but going too big can be a major source of waste.
Read more ยปHow D-MAGICS is Improving the DMAIC Framework
Updated:D-MAGICS is a sub-methodology within Lean Six Sigma for improving processes. It aims to make the DMAIC tool easier to successfully execute by emphasizing the importance of grasping the existence of the problems and realistically sustaining the corrections.
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