Browsing: SIX SIGMA

What is data analysis? Application & approach Introduction to Data Analysis Definition and importance of data analysis Data collection and…

Op What is check sheet A check sheet is a simple data collection tool used in quality management and process…

What is binomial distribution? Definition & application Introduction to binomial distribution Definition and characteristics of binomial distribution Explanation of the…

What is poisson distribution? Meaning & application Introduction to the Poisson distribution Definition and characteristics of the Poisson distribution Probability…

The normal distribution helps in risk management by estimating the probability of extreme events. It aids in setting inventory levels, determining service level targets, and optimizing production processes. Businesses also rely on the normal distribution for quality control, setting performance benchmarks, and analyzing employee performance.