Imagine buying a brand-new shirt and finding a stain on it. Ew, right? Or spotting a scary nail sticking out of your new picture frame. That's what we call a "defect"!
Defect = A fault or issue with a product made during its creation.
Defective products can't be sold (who'd buy that stained shirt?). They're usually trashed.
The defect rate tells us what portion of products end up with these pesky issues.
Defect Rate =\(\biggl(\frac{number \,of\, defective\, units}{total\, output}\biggl) โ \)× 100
๐ The LOWER the defect rate, the HAPPIER we are! It's like a game where we aim for the lowest score possible.
๐ Real-World Example
Imagine a toy factory that produces 1,000 toys, but 20 of them have missing parts. The defect rate is
\((\frac{20}{1000})\) × 100 = 2%
โโโโ๐ Productivity Rate (again, for the awesome HL peeps)
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐
Imagine buying a brand-new shirt and finding a stain on it. Ew, right? Or spotting a scary nail sticking out of your new picture frame. That's what we call a "defect"!
Defect = A fault or issue with a product made during its creation.
Defective products can't be sold (who'd buy that stained shirt?). They're usually trashed.
The defect rate tells us what portion of products end up with these pesky issues.
Defect Rate =\(\biggl(\frac{number \,of\, defective\, units}{total\, output}\biggl) โ \)× 100
๐ The LOWER the defect rate, the HAPPIER we are! It's like a game where we aim for the lowest score possible.
๐ Real-World Example
Imagine a toy factory that produces 1,000 toys, but 20 of them have missing parts. The defect rate is
\((\frac{20}{1000})\) × 100 = 2%
โโโโ๐ Productivity Rate (again, for the awesome HL peeps)
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 ๐