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Initially, the mean turnaround time for a stress test was 68 hours. After incorporating changes into the stress-test process, the quality improvement team collected a sample of 50 turnaround times. In this sample, the mean turnaround time was 32 hours, with a standard deviation of 9 hours.
a. If you test the null hypothesis at the 0.01 level of significance, is there evidence that the new process has reduced turnaround time?
b. Interpret the meaning of the p-value in this problem
Analyze at least two instructional strategies that could be used when developing cross-cultural training for an organization, with the focus addressing the various parts of the training design model presented throughout the textbook.
Discuss what management could have done in terms of risk management to have prevented the events that lead to the lawsuit. Discuss the ethical considerations reflected in the laws applicable to this case.
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Elucidate how has Dell used its sales also build-to-order model to develop an exceptional supply chain.
Explain how a Monte Carlo simulation could facilitate a sensitivity analysis of the probabilities of the payoff.
Determine optimal weekly production schedule for MVC. Illustrate what is optimal weekly profit. Illustrate what is minimum price that would justify producing plus model. Explain.
You are an IMF official who will be soon visiting a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF
Assume that you own a very upscale restaurant (think shearwater at the hotel del Coronado or the grant grill at the us grant hotel). Business has fallen off greatly at your restraurant because of the economic crisis.
Assume that you are part of a research team examining work groups in organization to determine factors that enhance or inhibit group productivity.
What penalty is the company incurring by its present order size? The manager would prefer ordering 10 times each month but would have to justify any change in order size. One possibility is to simplify order processing to reduce the ordering cost...
Choose a company and briefly describe its business and uniqueness in its industry. Now compare its management practices with the six principles described
Explain illustrate what are the changes taking place in your working place after the introduction of Operations Management Tools.
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