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Several samples of size 5 each were taken from a fertilizer-bag-filling machines. The results were: Overall mean = 57.76 lbs; Average range = 1.78 lbs.
(a) Determine the upper and lower control limits of the x-bar chart. Please give the formulas for calculating UCL and LCL and at least one step of calculation for full credit.
(b) Determine the upper and lower control limits of the R chart. Please give the formulas for calculating UCL and LCL and at least one step of calculation for full credit.
With the better quality shirt also $25 selling price, illustrate what volume is necessary in order for Riverview to earn a $7,000 profit on the shirt product line.
Discuss the common sources of risk on information technology projects and suggestions for managing them. Which suggestions do you find most useful? Which do you feel would not work in your organization? Why?
A wine company's daily demand is normally distributed with a mean of 18 bottles, and a standard deviation of 4 bottles. This company checks their winery's stock every 30 days.
What does it take to influence a sales team to achieve excellent results in generating revenue and profit? To help understand this process, discuss some of the most important criteria you will consider and give examples to help each other with the ca..
What is the number of containers currently in use? If the number of parts a container holds is increased to 24 parts, how many containers are needed?
Solve the following linear programming problem graphically using the corner-point method. What are the X and Y values that maximize the profit?
Explain the statement: "As long as the bottleneck operations are used effectively, idle time in nonbottleneck operations will not affect the overall productivity of the system."
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
Each employee is paid $50 a day for each of first five days worked during a week also $62 for overtime day (if any). Formulate an LP whose solution will enable post office to minimize cost of meeting its weekly work requirements.
You work for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115.
Ethical Dilemmas associated with off shoring are plenty. Choose one dilemmas and make a case defending your firms off shoring activities.
Illustrate what is Strategic Capability. Elucidate how Resources also Competencies ensure Strategic Capability.
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