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1. Why is it important to establish ‘goodness’ of measures and how is this done?
2. Describe the difference between ‘formative’ and ‘reflective’?
A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distribution at the rate of three per minute. In serving themselves, customers take about 15 seconds, exponentially distributed. Wha..
The price of each valve is $76, the inventory carrying cost is $5, and the ordering cost is $150 per order. What is the economic order quantity?
Edwards Engineering has a new injection system for your countertop production line. Your process engineering department has conducted experiments and determined that the mean is 8.01 grams with a standard deviation of 0.03.
There will be more emerging countries in the global market. Countries like China and India are growing faster economically than other countries. China has recently become the second largest economy in the world. How do you see the change in the futur..
Paul has his home and its contents insured under a Homeowners 3 (special form)policy. He carries $160,000 of insurance on the home, which has a replacement cost of $200,000. Explain the extent to which each of the following losses is covered. (Ignore..
what ways might these challenges differ if the temporary workers have been hired on a temp-to-perm basis rather than on a strictly temporary basis.
The manager of a car wash uses 5,500 gallons of soap each year and operates the car wash 360 days a year. Ordering costs are $28 and carrying costs are $2 per gallon. If the manager buys under 500 gallons at a time, the price is $1.80. 500-899 gallon..
A system is composed of two parts which must both operate in order for the system to perform as intended. The parts have reliabilities of .6 and .5. There is an identical backup system connected to the main system by a switch which has a reliability ..
In a recent job interview a company representative described their operation as "far more organic than mechanistic," which left you largely confused. You have always wanted to work for a company that considers the professional development of employee..
Describe the relevant external factors and influences which could affect the decisions the company makes about its direction, objectives, strategy, and business model.
The sellers of a house knew that it was termite-infested. Prior to sale, they whitewashed the basement and attached strips of wood to certain areas of the joists to cover up the more obvious damage. Other areas were obscured by shelves on which jars ..
Students should be working on completing their Test Development Proposal, which is the, discussed the purpose for developing an assessment to measure the construct, developed a research question(s), conducted a literature review and critique on cu..
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