Final answer:
The statement that accurately describes the process when the process capability index, Cpk is greater than 1.00 is that the process is capable of meeting designated specifications.
Step-by-step explanation:
The statement that accurately describes the process when the process capability index, Cpk is greater than 1.00 is option c) The process is capable of meeting designated specifications.
When Cpk is greater than 1.00, it indicates that the process has a capability to meet the specified tolerance limits. This means that the process is capable of producing outputs within the specified range without exceeding the allowed variation.
For example, if a manufacturing process has a Cpk value of 1.20, it means that the process is able to produce products that meet the specified requirements with a margin of safety.