Estimate the average cycle time

Assignment Help Operation Management

Reference no: EM131400177

How many work cycles should be timed to estimate the average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (minutes): 5.2, 5.5, 6.6, 5.4, 5.5, and 5.1? The standard deviation is .539 minutes per cycle. (Use the "mean time" value to 2 decimal places and other values to 3 decimal places for intermediate calculations. Round up your final answer to the next whole number.)

Number of work cycles ___________________

Reference no: EM131400177

Questions Cloud

Explain how organizations use social media to communicate : Explain how organizations use social media to communicate with their consumers through a crisis and evaluate how the negative comments were handled by the organizations. Assess a recommendation for better communication and explain why.

Environmental pressures for change faced by managers : Discuss the six images of managing change and how each can effect an organization: Director, Navigator, Caretaker, Coach, Interpreter, Nurturer. Discuss the six environmental pressures for change faced by managers: pressures to carry out fashionable ..

Discuss the six images of managing change : Discuss the six images of managing change and how each can effect an organization: Director, Navigator, Caretaker, Coach, Interpreter, Nurturer. Discuss and provide examples of the differences between first-order, incremental change and second-order ..

Give an example of a bad group experience : What are some of the advantages and disadvantages of working in a group or team? Give an example of a bad group experience. What made this group ineffective? What would you do differently and why?

Estimate the average cycle time : How many work cycles should be timed to estimate the average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (minutes): 5.2, 5.5, 6.6, 5.4, 5.5, and 5.1? The standard deviation is..

About the different types of communication networks : One of the most important behavioral aspects of the informal organization is its communication pattern. Now that you have read about the different types of communication networks and the different roles that are used in informal communication, you wi..

Performance lawn equipment manufacturing plants : One of Performance Lawn Equipment’s (PLE) manufacturing plants supplies various engine components to manufacturers of motorcycles on a just-in-time basis. Planned production capacity for one component is 100 units per shift, and the plant operates on..

How should you decide whether to sell the product : You are an executive with a large pharmaceutical company and you have to decide whether to market a product that might have undesirable side effects for a small percentage of users. How should you decide whether to sell the product? Specifically, wha..

What are some examples of e-contracts : Today, when nearly everything is moving online, agreements are no different. Even in your daily life, you would have accepted licensing and other agreements online. What are some examples of e-contracts?

User Account

All Pages