In simple terms, process capability analysis explains the extent a six sigma process meets its specifications. For example, you are manufacturing and designing shafts (say 100 pieces) and you want the shaft diameter should be in between 20mm to 25mm. Now, after you are done with the manufacturing, you are seeing that only 85 shafts are meeting the requirement of 20 -25mm diameter. So your manufacturing process is capable of only producing 85% that meet standards.
In this way, if you want to quantify the capability of any statistical process, you have to go for process capability analysis and you will get process capability index Cp and Cpk.
Before addressing Cp and Cpk in detail, let’s keep it in mind that for any normally distributed process, 99.7% of all the output fall within ± 3σ range with respect to the process mean. Or, 99.7% of output fall in the range of 6σ (where σ is standard deviation of the process).

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