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A company that manufactures ladies hand bags wants to determine if their buffing process is working properly. They take 4 observations per day and record the amount of time (in minutes) it takes to buff each bag. The following information is provided. Days 1 2 3 4 5 6 7 11.110 10.350 10.900 11.150 10.900 11.080 11.100 11.100 10.950 11.090 10.900 10.950 11.070 11.100 Time (Minutes) 10.900 11.300 11.110 10.800 10.950 11.080 11.050 11.080 11.100 11.050 11.100 11.100 10.900 10.800 The management wants to set 2 sigma limits for its process control chart for the mean. The population standard deviation is 0.06. a) Is the process in control? Why? (or Why not?) Please show all your work. b) If management standards are within 10.85-11.15 minutes, what percent of the time this process does not meet this standard? Please show all your work.
Illustrate what are three major business functions, also elucidate how are they related to one another.
What is the forecast for the current month using a 3-month weighted moving average technique weighting the most recent month's value by 4
Explain why inflation premium also risk premium is added to real interest rate in order to arrive at value of nominal interest rate. Explain how has Ford changed operations based on turbulent economic conditions today.
A major issue facing many states is whether to legalize casino gambling. Suppose the governor of one state believes that more than 55% of the state's registered voters would favor some form of legal casino gambling
Judith Thompson is the manager of the student center cafeteria. She is introducing pizza as a menu item. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria
Develop a forecasting model, justifying its selection over o r techniques, also project attendance through 2011. Illustrate what revenues are to be expected in 2010 also 2011. Discuss school's options.
Certain organizations lend themselves naturally to one type of organizational structure or another.
Illustrate what activities are involved in the operations function and explain how the operations function interacts with other functional areas of a firm.
Management believes that they can increase the price per hour by 10 percent in this new situation and improve profits by 10 percent, but the sales department cautions that the price increase may decrease sales by 15 percent
Compute the centerline for the x-bar chart. Compute the centerline for the R-chart. Compute the upper and lower control limits for the X-bar chart.
Arvin Meritor is so pleased with outcome from previous suggestions that consultants are invited back for more work. Explain how many kanban cards are needed.
Illustrate what are her options. Is an analyst always in control of this kind of situation. FastPak, the nation's fourth-largest overnight package service carrier, is headquartered.
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