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A bank has recently taken over the billing function of a company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of 0.8 hours. A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours, but will raise the standard deviation to 1.2 hours.a.) With the new system, what is the probability of processing the bills within 4 hours?b.) With the current system, what is the probability of processing the bills within 4 hours?c.) Should you change systems
Describe a business that you deal with as a customer. Describe the customer service at this business. What do you like or dislike about it?How can it be improved?
A souvenir retailer has an opportunity to establish a new location inside a large airport. The annual returns will depend primarily on the size of the space she rents and if the economy will be favorable.
Differences in performance are often caused by system, which means organization ends up rewarding circumstances. It's same thing as rewarding weatherman for a pleasant day." Do you agree or disagree with this statement.
a Poisson distribution. The customers are given a FCFS service which requires an average of 2 minutes and follows a Poison distribution. Based on the information above, determine,
a) Construct the product structure tree for both fans and their component parts. b) Complete the MRP for the fans and their component parts.
The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years.
Illustrate what are some of the problems AECS facing. Are they inherent in its model or they could be rectified while keeping the model intact.
Find a business or organization, preferably one where you are working used to work, or know an employee or owner. (You can use anything such as retail or finance departments)
What is the strategic competitive analysis? What is the SWOT analysis? How does a company use the SWOT analysis to determine corporate competencies
Describe the roles also responsibilities that organizational managers also leaders play in creating also maintaining a healthy organizational culture.
The field of human resources is evolving from providing services to an organization to becoming a strategic partner in its growth
The Production Manager advises the Manufacturer that the factory should go for manufacturing instead of procuring them from the open market.
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