User Account

All Pages

How many observations should a time study analyst plan

Assignment Help Operation Management
Reference no: EM13917428

How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to within .4 minute with a confidence of 95.5 percent?

Reference no: EM13917428

Questions Cloud

How many observations are needed in a work : How many observations are needed in a work sampling study to estimate that time percentage to within 6 percent and have a confidence of 98 percent?
The actual percentage of idle time to within 6 percent : What is the percentage of idle time?Given these results, how many observations would be needed to estimate the actual percentage of idle time to within 6 percent with a confidence of 90percent?
What is the estimated percentage of idle time : What is the estimated percentage of idle time? Based on the initial results, approximately how many observations would you require to estimate the actual percentage of idle time to within 5 percent with a confidence of 95 percent?
How many work cycles should be timed to estimate : 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, 5.8, 5.3, 5.5, and 5.1? The standard deviation..
How many observations should a time study analyst plan : How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to within .4 minute with a confidence of 95.5 percent?
The mean time for element 2 within .01 minute : How many observations would be needed to estimate the mean time for element 2 within 1 percent of its true value with a 95.5 percent confidence? How many observations would be needed to estimate the mean time for element 2 within .01 minute of its..
Calculate the payback for products : . Assume a $250,000 investment and the following cash flows for two products. Year Product X Product Y 1 $ 90,000 $ 50,000 2 90,000 80,000 3 60,000 60,000 4 20,000 70,000 a. Calculate the payback for products X and Y.
How many observations would be needed to estimate : How many observations would be needed to estimate the mean time for element C to within 0.10 minutes of its actual value with a confidence of 90percent? The following data were obtained by observing a three step
What is expected value of each quarterly dividend payment : James River Corp has preferred stock outstanding that trades at $125. If the stock yields 8%, what is the expected value of each quarterly dividend payment?

Reviews

Write a Review

Operation Management Questions & Answers

  An investment which costs 50000 will return 15000 operating

an investment that costs 50000 will return 15000 operating cash flows per year for five years. determine the net

  Define the quality process for an organization

There are different types of total quality management (TQM) tools that can be used in quality management. These tools are useful in analyzing data and determining the methods of improving the quality process for an organization.

  Explain each of the five most prevalent revenue sources

Thoroughly explain each of the five most prevalent revenue sources for a professional sport team. Which do you think is most important? Least important? Why do you think this way.

  What is the value creation frontier

What is the value creation frontier? How does each of the four generic business models allow a company to reach this frontier?

  Service quality requirements outlined in the readings

Discuss whether the product or service met your product or service quality standards and compare the quality of the product or service to those of the industry.

  Analyze the potential pitfalls in capital budgeting practice

Analyze the potential pitfalls in his capital budgeting practices that George should be aware of.

  Illustrate what is economic quantity for ben to order

Ben would like to use an inventory system which minimizes inventory cost also will provide a 95 percent service probability. Illustrate what is economic quantity for Ben to order. At illustrate what inventory level should he place an order.

  Is the united states still productive

Is the United States still productive and/or competitive in manufacturing from a World Class standpoint? Please support and cite your answer.

  A key issue in international labor relations is the degree

A key issue in international labor relations is the degree to which organized labor can limit a firm's ability to pursue a global or a transnational strategy

  Differences between related and unrelated diversification

What are the differences between related and unrelated diversification? Why would an organization select a related or unrelated diversification strategy over the other? Explain with examples of related and unrelated diversification.

  Understanding of new learning in logistics management

This final research paper must demonstrate an understanding of new learning in logistics management and how the supply chain supports the organization's business strategy.

  Compute the multifactor productivity under each system

Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.) b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd