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What is the major advantage of perceptual mapping?
a. It is a visual relative to the market share, consumer size and consumer perception.
b. It enables the company to identify an area that has the least amount or no competition
c. It is a way to compare customer ideal points with product ideal points offered by competitors
d. All of these answers
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. Based on the production run from last month, a 95% confidence interval..
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A recent study of 23,681 Greeks found that those who took more naps suffered fewer heart attacks. Would you classify this as a positive or negative correlation? Why? Does this mean that if I take more naps I will suffer fewer heart attacks? Why?
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Which of the following is an imput to the production plan?
Construct a decision tree. Compute the expected opportunity loss for each decision alternatives (i.e., draw a regret table).
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A workstation must produce 400 units an hour. It takes 24 minutes to receive the necessary material for production from the previous workstation.
What factors should be considered when selecting the appropriate capacity cushion? How does the choice of capacity cushion relate to other decisions in operations management? To other functional areas?
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