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1. The average lateness for one of the top airline companies is 10 minutes. The Standard Deviation of the lateness measure is calculated as 3. An airplane arrived 8.5 minutes after the stated arrival time. Calculate the Z-score of the airplanes lateness
2. Health insurers and the federal govt are both putting pressure on the hospitals to shorten average length of stay of their patients. A random sample of 20 hospitals in one state had a mean length of stay for non heart patients in 2000 of 3.8 days and a SD of 1.2 days. Calculate a 95% confidence interval for the population mean LOS for non heart patients in the states hospitals.
3. At a local manufacturing plant employees must complete new machine set ups within 30 minutes. New machine set up times can be described by a normal model with a mean of 22 minutes and a SD of four minutes. What percent of new machine set ups take more than 30 minutes?
4.A random sample of 100 European professional soccer players has an average age of 27 years and a SD of 4 years. We would like to decide if there is enough evidence to establish that average age of European soccer players is significantly more than 26 years. What is the nul hypothesi?
5. What is the sample value of the test statistic?
6. At 0.01 level of significance, what decision would you make? Include proper reason.
Q. Explain about the vertical integration? Backwards vertical integration a firm integrating backwards into its supply chain, the supplier included in a previous and a various
How would you allocate the $100,000 bonus money and why? Remember, no 2 managers can get the same amount. Be sure to justify your reasons.
Explain the concept of merit goods with reference to the formal provision of education in a country. Merit goods are those goods and services that society values and the gover
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
DETAIL THE WORKFLOW OF HRM THAT DEPLOYES ERP
Line Balancing Line balancing is arranging a production line so that there is an even flow of production from one work station to the next i, e, so that there are no delays at a
in a -------------------employees are reward by given company stock or by being allow to purchase it at a price below market value/1.gain sharing plan/2.individual payoff/3.esop/4.
Ques: How can we make comparisons between the cost of a product in two different periods if salaries and cost of living may have changed? Ans: The average income is published in
Explain the term Total Quality Management (TQM). Total Quality Management (TQM): It is a system approach to quality in all spheres of the organisation. TQM implies meeting th
You will find that some resources are labor-based while others are not. For example, let's say you had one person initially scheduled for a job and it was going to take ten days. L
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