Deciding which of two machines to purchase

Reference no: EM13100060

Suppose you were trying to decide which of two machines to purchase. Furthermore, suppose the length to which the machines cut a particular product part was important. If both machines produced parts that had the same average length, what other consideration regarding the lengths would be important? Why?

a) Median length, avoiding outliers

b) Variability, greater variation is more desirable

c) Variability, less variation is more desirable

d) Total length, which machine is better overall

Reference no: EM13100060

Questions Cloud

Understanding the dupont formula : While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, was 8.00% on an average shareholder's equity of $25,000,000.

Write issues affecting equal opportunity in education today : How did students come to receive opportunities, e.g. Title 1, they presently have in public education? What present issues are affecting equal opportunity in education today?

Probability-eka manufacturing company : The fixed monthly cost of operating the production facility is $3000. How many units of part # 2206 have to be sold in a month to break-even?

Risk of parkinsons disease developing : The study found that men who had participated in some vigorous activity at least twice a week in high school, college, and up to age 40 had a 60% reduced risk of Parkinson's disease developing. The study found no such reduction for women. What typ..

Deciding which of two machines to purchase : Suppose you were trying to decide which of two machines to purchase. Furthermore, suppose the length to which the machines cut a particular product part was important. If both machines produced parts that had the same average length, what other co..

Poisson distribution-confidence interval : The mean number of cargo ships that arrive at a port is 3 per day. The port has staff and facilities to handle up to 6 ships in a day. Using the Poisson distribution, find the probability that, on a given day,

Briefly describe the organization : What type of management style does CEO Larry Page use? Is this any different than the styles of the founders? Briefly describe the organization.

How fragmentation tend to affect edge specialist species : As a landscape becomes more fragmented, breifly describe what happens to the probability of extinction and colonization of core species in the habitat patches.

Average amount of time between a score : The average amount of time between a score by either team in college soccer games is 15.2 minutes.

User Account

All Pages