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13
Accounting
Graduate
12/13/2011

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Cards

Term
5 whys
Definition
used to investigate a specific failure to find problem and root cause
Term
cause and effect diagram
Definition
x's are people, equipment, measurement, methods, environment, materials, and y is effect
Term
scatter plot
Definition
used to see if relationship between two factors
Term
pearson coefficient
Definition
used to measure strength of any correlation found,
Term
coefficient ranges
Definition
+1 strong 0 no correlation, -1 strong inverse correlation
Term
p-value on coeffecient
Definition
less than .05 then correlation exists, greater than .05 no correlation exists
Term
regression analysis
Definition
devlping mathimatical model to represent ur data
Term
fitted line plot
Definition
performing simple regression, response y, predictor x
Term
equation and what each means
Definition
y=b0+b1x, y=effect, x=cause, b1 slope, b0=yintercept
Term
regression equation p value
Definition
greater .05 then input variable does influence process out, less .05 then it does not influence
Term
r squared
Definition
indicated that input variables account for percentage of variation. <50% not strong
Term
when graphing first
Definition
fitted line plot and check for strength of relationship,
Term
when graphing second
Definition
check p values, check r2 for lurking variables, 4 in 1 residual plot, regression analysis
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