Suppose your manager presents you with the following information about machines that could be used for a job, and wants your recommendation on which one to choose. The specification width is .48 mm. In this instance, you can narrow the set of choices, but you probably wouldn't make a recommendation without an additional piece of information.
Machine |
Cost per
Unit ($) |
Standard Deviation (mm) |
A |
12 |
.071 |
B |
12 |
.060 |
C |
19 |
.054 |
D |
10 |
.062 |