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Question: 5

The DMAIC approach to problem solving stands for Define, __________, Analyze, Improve and Control.

  1. Manage
  2. Measure
  3. Memorize
  4. Manipulate


Answer: B

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Question: 3

Training cost is $3,000 and a project required an initial investment of $12,000. If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months (before money costs and taxes)?

  1. 4.17
  2. 8.33
  3. 11.33
  4. 28.28


Answer: C

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Question: 4

The ROI for a project is a measurement metric that stands for Return on Investment and is one of the methods used to measure the success of a Lean Six Sigma project.

  1. True
  2. False


Answer: A

Question: 2

Six Sigma refers to a process whose output has at least 95% of its data points within 6 Standard Deviations from the Mean.

  1. True
  2. False


Answer: B