As a subject matter expert in finance and economics, I can explain that "CP" typically stands for "Certificate of Deposit" in the context of finance, which is a type of savings account that offers a fixed interest rate. However, "CP" can also stand for "Cost Performance" in project management, which is a measure of how well a project is being executed in terms of cost relative to the work completed.

If we're talking about a Certificate of Deposit (CD), a rate of 1.33 would likely be a percentage, indicating the annual interest rate for the CD. For example, a 1.33% APY (Annual Percentage Yield) on a CD means that for every $100 you deposit, you would earn $1.33 in interest over the course of a year.

On the other hand, if we're discussing Cost Performance in project management, a CP of 1.33 would mean that for every dollar of budget spent, the project has achieved $1.33 worth of work. This would indicate that the project is performing well in terms of cost efficiency.

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In a quality control context, PPM stands for the number of parts per million (cf. percent) that lie outside the tolerance limits. Cpk 1.00 means that 2 700 PPM (0.27%) of the manufactured parts are out of tolerance, while Cpk 1.33 means that 63 PPM (0.0063%) are rejects.read more >>