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8. Which of the statements about line-balancing is true?
a. if a precedence relationship exists between tasks A and B, they cannot be assigned to the same work station.
b. if a line's balance delay factor is maximized, its efficiency is maximized.
c. the theoretical minimum number of work stations can never be achieved, hence the name "theoretical".
d. if the cycle time is reduced, productivity will increase.
During the period of time phone-in reservations are being taken at a local university, calls come in at a rate of one every ten minutes.
With probabilities 0.8, 0.1, 0.08 and 0.02 respectively. A particular company offers a $500 deductible policy. If the company wishes its expected profit to be $100, what premium should it charge?
You choose random sample of 50 cans, and mean amount of paint per 1-gallon can is 0.995 gallon. Is there evidence that mean amount is different from 1.0 gallon (use α=0.01).
The amount of income spent on housing is an important component of the cost of living. The total costs of housing for homeowners might include mortgage payments
Conduct a hypothesis test using the .04 level of significance to determine if there is a difference between the population means.
Comparing the results from (a) and (e), what happens to the required sample size when we increase the confidence level?
A case-control study is performed to study the relationship between esophageal cancer and an exposure (exposure A).
What is the population mean? What is the best estimate of that value?
Zip codes. holes-r-us, and internet company that sells piercing jewelry,
A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40. Compute the probability the sample mean is:
Find the probability that the age of a randomly selected CEO will be between 56-57 y/o. (round to 4th decimal) The probability a randomly selected CEO will be between 56-57 y/o is?
Explain how the power of a hypothesis test is influenced by each of the following. Assume that all other factors are held constant.
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