Capability statistics are wonderful things. These statistics tell you how well your process is meeting the specifications that you have. But there are so many capability statistics that it's worth taking some time to understand how they’re useful together.
Two capability statistics that are hard to keep straight are Cp and Cpk. Their names are different by only a single letter. A single letter that, by the way, doesn’t really explain anything about how these two statistics are different.
Definition of Cp
The equation for Cp is often written ET / NT. ET stands for Engineering Tolerance, which is...