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Checkout time at a supermarket is monitored using a range and mean chart. Six samples which contain 20 observations per sample have been collected and the sample means and sample ranges have been computed as shown below:
Sample
Mean
Range
1
3.05
0.42
2
3.01
40.44
3
3.11
0.39
4
3.45
0.49
5
4.11
0.53
6
3.09
0.45
Determine the UCL and LCL for the X-Bar and the R-Chart for the sample size of 6.
The amount invested in personal loans cannot exceed the amount invested in bonds. The amount invested in home loans cannot exceed the amount invested in auto loans
Identify also then explain two most important elements of a contract that every manager should know about. Support your answer with an example or rationale.
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Create a promotion strategy for her industry which should include all methods of promotion. Also justify strategy. Classify assumptions made in process.
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Charlie Cook (see question 1 above) was able to decide the activity times for constructing his chemical contaminant tracking machine. Identify the activities on the critical path.
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Suppose which May's figure turns out to be 405. Append the table with error columns then, computes MAD for both Amit's also Barbara's method. (16.11 also 19.17) d) Based on these calculations which method seems more accurate.
Peter's Paper Clips uses a three-stage production process: cutting wire to prescribed lengths, inner bending, and outer bending. The cutting process can produce at a rate of 150 pieces per minute.
How much could the firm save annually in ordering and carrying costs by using the EOQ
A process is so vital to an organization that the main unit has 2 backups. In case the main unit fails, either backup can be pressed into service.
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