Discussion

While Arriving at the Variance of the Sample, We Divide by (N-1), Why do We do So ?

For calculating the variance we divide by n-1 , why do we do so and not by n, please explain ONE THOUGHT ON “WHILE ARRIVING AT THE VARIANCE OF THE SAMPLE, WE DIVIDE BY (N-1), WHY DO WE DO SO...[ read more ]

When shall we study Variance over Standard Deviation – or in first place Variance as we can arrive at Standard Deviation easily by taking the root of Variance ?

The usage of Variance over Standard Deviation, why do we study Variance over Standard Deviation, when the Standard Deviation can be easily calculated by taking Square Root of the Variance, and is known to be the most robust method to...[ read more ]

When the Data is not Normal and the Central Tendency is Median, How shall We Work on Reducing the Spread Using Variance and Standard Deviation?

When we have the data as not normal and the central tendency as median, then how shall we work on reducing the spread as these can be found using variance and standard deviation for which we need the mean.

How Important Analyze Phase is in a Six Sigma project?

How Important Analyze phase is in a Six Sigma project? The Analyze stage of a Six Sigma project involves doing analysis of the collected data and extracting meaningful information from it. The extracted information relates to the root cause behind...[ read more ]

How to identify the detection levels in FMEA?

Detection in FMEA works on the assumption that the potential failure will be caught or detected before reaching the end customer. The existing detection mechanism for each identified failure mode is also evaluated to know whether the failure can be...[ read more ]

How to identify the occurrence levels in FMEA?

FMEA helps an organization to undertake risks in business activities by carefully evaluating all the risks and putting in the necessary checks and controls to either eliminate or reduce these risks. Occurrence levels for each risk are given by evaluating...[ read more ]

How to identify the severity levels in FMEA?

FMEA is a highly risk management tool which helps the business organizations anticipate the potential risks and take timely action to safeguard itself from the negative effects of these risks. Risk in FMEA is calculated in a mathematical manner by...[ read more ]

How to Reduce the Risks in FMEA?

FMEA is very dynamic in nature as it is used both as a Risk Identification tool and a Risk Treatment tool. In the Risk Identification phase, all the potential risks related to the process and its major steps are identified...[ read more ]

Is FMEA really being used?

Almost all business organizations use FMEA is one way or another to assess the potential risks associated with their business process and products. Still the warranty and repair costs show an increasing trend year after year. This forces one to...[ read more ]

Why do Organizations Outsource Their Processes?

6 THOUGHTS ON “WHY DO ORGANIZATIONS OUTSOURCE THEIR PROCESSES?” It could be because of: 1. Lack of Competence/Skills 2. Cost involved in entire set up on premise. It also include the cost of setting up the Business Continuity plan 3....[ read more ]