Final answer:
A process capability index value greater than 1.0 suggests that the process is reliably producing outputs within the specified limits, indicating good performance in quality control. It is an important measure in business for ensuring product consistency.
Step-by-step explanation:
A process capability index value greater than 1.0 suggests that the process's actual performance is better than the specified range of acceptance. In other words, it indicates that the process is capable of producing output within the set limits with a certain level of reliability. It is a measure that compares the output of a process to the process's specifications or requirements. This index is critical in quality control and business processes, as it demonstrates whether a process is consistently producing items within specification limits.