Final answer:
After calculating the Cp index using the formula (USL - LSL) / (6 * sigma) with the provided values, it's verified that the Cp index is indeed 1.67. Hence, the statement that the Cp index is 1.67 is true.
Step-by-step explanation:
The question asks to determine the validity of the statement that the Cp index is 1.67 given a USL (Upper Specification Limit) of 550, LSL (Lower Specification Limit) of 540, a process mean of 545, and a standard deviation (sigma) of 1.00.
To calculate the Cp index, we use the formula:
Cp = (USL - LSL) / (6 * sigma)
Substituting the given values:
Cp = (550 - 540) / (6 * 1.00)
Cp = 10 / 6
Cp = 1.67
Therefore, the statement is True, and the capability index for this process is indeed 1.67.