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What is analyzing data give example?

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Anonymous

13y ago
Updated: 8/20/2019

Some of these Data Analysis Tools include:

Cost-Benefit Analysis

A cost-benefit analysis is a simple economic structure that compares the financial benefit of a decision with the cost it will take to implement that decision.

Control Chart

Control Charts determine how close a process is to being stable and predicts the degree of statistical control under different variables.

CTQ Trees

CTQ stands for "critical to quality." In a CTQ tree, the requirements of customers are generalized so that producing items for several customers with similar requirements is easier and more manageable.

'5 Whys'

The '5 Whys' is a technique that has been developed to isolate and eliminate the underlying cause of a defect or other manufacturing issue. Quite simply, the question, "Why?" is asked five times about the problem, with each successive "Why?" addressing the response to the previous "Why?" As an example, the 5 Whys could be applied to a malfunctioning vacuum cleaner:

The problem: A vacuum cleaner is not functioning properly.

Why? The intake valve is clogged.

Why? Dust and debris is collecting around the valve.

Why? Debris isn't settling to the bottom of the vacuum bag.

Why? The vacuum bag is full.

Why? The house has been vacuumed several times without changing the bag.

The solution: The vacuum bag must be changed.

By asking the question "Why?" five times, the root cause of the problem has been identified, and a practical solution has been suggested.

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13y ago

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