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Identify the correct distribution for this “Simulation” problem: An investment company interested in purchasing a parcel of prime commercial real estate wants to describe the appraised value of the property. The company expects an appraisal of at least $500,000 but not more than $900,000. They believe that all values between $500,000 and $900,000 have the same likelihood of being the actual appraised value.
a. Binomial
b. Triangular
c. Custom
d. Discrete Uniform
e. Continuous Uniform
A company that sells an online course aimed at helping high-school students improve their SAT scores has claimed that SAT scores will improve by more than 90 points on average if students successfully complete the course.
Armentrout broadened his product line, offering coffee, soft drinks, and breakfast items such as muffins and bagels He had become t friendly with a number of customers who often shopped to discuss the latest new's in the express
Identify one example of a resource with a very low average utilization rate, and a second example with a very high average utilization rate.
A virtual team is tasked with revising an existing process that is causing productivity issues. One of the team members, Dave, does not believe in process modeling and is very aggressive vocally. He intimidates the group from India, which forces the ..
A single machine work center has 5jobs assigned to it. Using first-come-first-served priority rule, illustrate what is number of late (tardy) jobs.
What is the system capacity, and which is the bottleneck department. How much slack (unused capacity) is available in other departments
Describe the three value disciplines for delivering superior customer value and explain why classifying competitive strategies in this way is appealing. Provide examples and references in your replies.
Justify ten (10) techniques from the course that you would use to improve processes in an organization that you have chosen. Discuss the pros and cons of the tool providing evidence and examples of the use of the tool
During the 1950s and 609, Mr. T. Ohno of Toyota developed the k a n Production System. Subsequently many other Japanese automobile companies adopted it.
Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
what determines the flow rate of a stable process?a the arrival rateb the bottle-neck capacityc the final step
Why are so many companies using 360 degree feedback systems? Illustrate what are benefits also disadvantages of this. Why should managers provide ongoing also frequent feedback to employees about their performance.
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