I am trying to understand the mathematical difference between Cpk and Ppk used in Statistical Process Control (SPC). I have gone through the web but all I found a confusing and more confusing theoretical implication of the two. Before I can try to induce their application, I will need to find out What mathematical difference are? And even that I am not able to find a good source. I have googled and wiki-ed.
My understanding is Ppk uses all data in calculating its standard deviation and Cpk uses all data but minus 1 in calculating its standard deviation. Is that it?
For example, if I have a set of data "5" , "4" , "5.5" , "4.5" , "3.5" what is their Cpk and Ppk?