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Please prepare a one page position paper (minimum lenghth of 500 words) on the applicability of "Theory of Constraints" to Service Operations. You may choose any format that you think is appropriate for this paper. Post the completed paper here.
A drug company is considering marketing a new local anesthetic. The effective time of the anesthetic the company is currently producing has a normal distribution with an average of 7.5 minutes and a standard deviation of 1.2 minutes.
The sample mean is 4.1 and the sample standard deviation is 1.4. It can be assumed that the population is normally distributed. The degrees of freedom associated with this are?
Develop a 95% confidence interval estimate of the mean amount spent per day by a family of four visiting Niagara Falls (to 2 decimals).
How would you explain the analysis of variance, assuming that your audience has not had a statistics class before?
The national average SAT score (for Verbal and Math) is 1028. If we assume a normal distribution with σ = 92, what is the 90th percentile score? What is the probability that a randomly selected score exceeds 1200?
A motor transport company has 50 similar buses. The management suspects that its control of these vehicles is inadequate. What suggestions could you make for investigating vehicle use, and tightening managerial control over the company?
A customer from Cavallaro's Fruit Stand picks a sample of 5 oranges at random from a crate containing 80 oranges, of which 6 are rotten. What is the probability that the sample contains 1 or more rotten oranges? (Round your answer to three decimal..
Find the probability that not enough seats will be available. Is this probability low enough so that overbooking is not a real concern?
You roll two fair dice, one red and one green. What is the probability of getting a number less than 5 on both?
If Xbar is the sample mean diameter for a random sample of n = 16 rings, where is the sampling distribution of Xbar centered, and what is the standard deviation of the Xbar distribution?
No, there is not enough information to refuse hypothesis that proportion of male students who live on campus and proportion of female students who live on campus are same as the test value -1.65 is inside acceptance region (-1.96,1.96).
What purpose does a multiple regression analysis serve? Give an example of how it might be used in marketing research.
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