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1. How can you use the normal probability plot to evaluate whether a set of data is normally distributed?2. Why does the standard error of themean decrease as the sample size, n, increases?3. what is the difference between a population distribution and a sampling distribution?
Identify and describe the benefits that outsourcing logistics will bring to the organizations. Explain the various steps of the project procurement process.
Candles can be produced at a rate of 36 boxes per day. The shop operates 20 days a month. Suppose that Demand is uniform throughout the month. Setup cost is $60 for a run also holding cost is $2 per box on a monthly basis.
Your current equipment is fully depreciated and can produce 2,000 units per year at but at a margin of only $4.00 per unit. Should you purchase new equipment illustrate under what conditions.
This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.
Elucidate how Liker's casual are, intervening also end result variables useful in discussing also thinking about effectiveness.
A time standard was set at 0.20 hour per unit based on the 50th unit produced. If the task has a 90% learning curve Illustrate what would be the expected time of the 100th, 200th also 400th unit.
Illustrate what general features would you look for in a business process that would make that process a candidate for reengineering.
Your business, a closely held corporation with 4 other shareholders, is in serious financial trouble. A lender has suggested that it might provide lending if you could reduce your current debt load by 50%.
Discuss why you believe it is either beneficial or detrimental that this organization is insulated this way.
Town barber shop can accommodate 35 customers per day. Manager has determined that if 2 additional barbers are hired, shop can accommodate 80 customers per day. Illustrate what are design and effective capacities for barber shop
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.
Determine the total costs of ordering and holding inventory for the year to see how much could they save by ordering the EOQ amount when they order paper once a week
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