ITM 601 Lecture Notes - Lecture 4: Central Limit Theorem, Six Sigma, False Alarm

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 601
• Professor: Selcuk Savas

Document Summary

Itm 601 week 4: complete chapter 3, complete control charts and process capabilities, control chart. If everything is under control: process capabilities, doing the right things, normal distribution review remember this for exams standard normal and random normal variable type 1, 2 etc. errors are based on this. Next week review for midterm assignment 1: another part of the assignment will be posted soon, assignments are not too hard, next week, assignment will be reviewed free quiz today in class submission. Midterm read the book: mcs and problems, sample midterm problems will be provided, labor and multifactor productivity will be in the exam, sample problems for the midterm will be from the textbook. Bell shaped: symmetric around the mean, one of them is more variable, variance is a measure of how much the data points are away from the mean. Review of normal distribution: wider bell curve more variable, has higher std.