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In a cosmetics manufacturing company, the QA department measures the weight of the products after packaging. One particular product is supposed to weigh between 1 to 1.1 lbs. Over a period of 30 days, data collected form the shipping department indicates that the product weight is normally distributed and the associated control chart of weights is stable. The subcategory sample size used for the control chart was four products every two hours. The control chart calculations indicated that the grand process average is 1.056 lbs. and the average range is 0.05. As a Lean Six Sigma Green Belt, estimate the percent of products that could have been shipped underweight and overweight using the standard normal distribution tables.
You need cash and FAST. You jump out of your car at a location to have one ATM, but a history of a line. Usually you can expect to wait 250 seconds from the time you arrive until leaving with the cash.
What are advantages of Single Factor Productivity measures (such as labor productivity) over Multi Factor Productivity measures? Check all that apply.
In addition to the usual methods used to develop all employees, some special techniques such as oaching, planned progression, job rotation and executive development programs are used to develop ________ personnel. Examining customer credit records is..
A cruise company provisioning a certain consumable items its next trip. In the first stage, the cruise company procures from the home port region right before the start of the trip. At the end of the first leg, which takes t1 days, the cruise liner a..
Explain why does Video Vault differ from Blockbuster in number of copies of movies it stocks. Would a studio that owns title to movie be indifferent between stocking policies of Video Vault and Blockbuster.
Discuss the long and short term implications for a company's products and profitability if they fix problems at the end of a production line, or stop production to deal with the problem when it is discovered.
A firm sells mid-range snowboards and estimates its demand curve to be Q = 16,500 31(P). Variable costs are $276. At what price does the firm's total contribution margin equal zero?
You want to forecast patient demand for week 7 using this data. You decide to use a 4-period weighted moving average to find this forecast. You select weights of .40, .30, .20 and .10 with the most weight going to the most recent period. What is the ..
Consider a firm that is considering marketing its innovation in multiple countries. What factors should this firm consider in formulating its protection strategy?
Each lead would cost only $6.65; but in order to get this discount, Happy Pet would have to buy shipments of 3,000 at a time. Should Happy Pet use the new supplier and take this discount for quantity buying?
You are in charge of procuring a machine for your factory. The process will take about a year to complete and is a major investment in specialized equipment that will make or break the profitability of the company. Which machine would be purchased if..
What is the maximum price per part the manufaturer should be willing to pay to the supplier if the forecast is 5,500 parts, using the information in the original problem?
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