Determine the percent of working and idle time

Assignment Help Operation Management
Reference no: EM13111448

A bank manager wants to determine the percent of time that tellers are working and idle. She decides to use work sampling, and her initial estimate is that the tellers are idle 30 percent of the time. How many observations should the manager take in order to be 95% confident that the results will not be mroe than 2.5% aware from the true result?

Reference no: EM13111448

Questions Cloud

Rejection region for a hypothesis test : The owner of a local night club has recently surveyed a random sample of n=250 customers of the club. She would now like to determine whether or not the mean age of her customers is over 30.
Explain work in project groups : A local public relations firm that arrogances itself on customer satisfaction has been experiencing several employee-related problems. Workers in this company work in project groups consisting of three to seven people
Criterion for rejection or nonrejection of null : Which of the t-test methods are you going to use and why? Formulate the null and alternative hypothesis. Determine the criterion for rejection or nonrejection of the null. What is the t-statistic for this analysis
Explain marketing strategy for a new software product : Courtney a sales manager and her team of six have been assigned the task of developing a marketing strategy for a new software product developed by her company
Determine the percent of working and idle time : A bank manager wants to determine the percent of time that tellers are working and idle. She decides to use work sampling, and her initial estimate is that the tellers are idle 30 percent of the time.
Describe model of organizational change implementation : At her last job she attained expertise in that company's model of organizational change implementation.
What will be the deadweight loss : The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?
Risk of loss pass assuming the parties : If a New York seller agreements with a san Francisco buyer to ship goods to the buyer FOB san Francisco when would risk of loss pass assuming the parties
Question-hypothesis testing for mean-certain population : A sample of 93 IQ scores was randomly selected from a certain population. At the 0.03 level of significance, test the hypothesis that the population has a mean IQ of 105.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd