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Practical Application Scenario 1 To complete this scenario, use the Confidence Interval Calculator and the Area Gas Prices - Random Sample documents, provided in the resources. The Minneapolis Star Tribune newspaper has decided to write an article about gasoline prices in the Twin Cities area (Minneapolis and St. Paul). The Star Tribune has designed a survey and taken a simple random sample of regular unleaded gas prices at 70 area stations. The results are in the Area Gas Prices - Random Sample file. The Star Tribune's policy is that no data will be reported unless they are 95 percent confident that the numbers are correct. As the new manager of the data verification unit at the Star Tribune, you need to develop a 95 percent confidence interval for the average price of regular unleaded gasoline in the area.
Some companies have MySpace pages where employees can mingle and share ideas and information. Do you think this practice is a good idea? Why or why not?
Formulate and solve a complete linear programming model on a spreadsheet that maximizes the amount of money accumulated by the beginning of year 6.
What should be your competitive priotities and what capabilities do you want to develop in your core and support processes?
In April the store also had seven part-time workers at 10 hours per week and in May the store had nine part-timers at 15 hours per week. Using sales dollars as the measure output, illustrate what is the percentage change in the productivity from A..
Should employers be allowed to monitor employees in the workplace? Should distinctions be made based on whether it is monitoring computers
Explain how might principle of scientific management be useful to springs industries. Explain how about the quantitative approach.
It normally relies on departmental forecast and preregistration records to determine how many copies of a text are needed. Preregistration show 90 operations management students enrolled
What other avenues may better educate the general public on the role and scope of nursing as well as the changing health care system?
"Metal window boxes are manufactured in 2 process steps: stamping and assembly. Each window box is made of 3 pieces: base A and 2 sides Bs. Illustrate what's capacity at stamping.
Explain why would Information Systems desire to complete something which we are not going to use as the specs really did change.
time between arrivals at state revenue office is exponential with mean value .05 hour. Office opens at 8:00am. Write exponential distribution which describes interval time.
Discuss the techniques on how American Airlines uses in order to reduce costs and increase profits. The task for this activity goes beyond inventory management
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