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A manufacturing firm is attempting to determine whether an existing machine is capable of milling an auto part that has a key specification of 2±0.004 inches. After a trial run on this machine, they have determined that the machine has a process mean of 2.000 inches with a standard deviation of 0.002 inch.
Calculate the proportion of the defective products that will be produced. Determine the process sigma quality level.
Suppose the process mean shifts to 2.004 inches, and the standard deviation becomes 0.003 inch, recalculate the defective proportion.
Illustrate what happens to the marginal product of each individual factor as that factor is increased, and the other factor is held constant.
q. fuji konica agfa and 3m. from a technical viewpoint there was little difference in the quality of colour film
If one producer is able to produce a good at a lower opportunity cost than some other producer, then the producer with the lower opportunity cost is said to have an absolute advantage in the production of that good.
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary"
The ABC Bank of Bermuda has outstanding checkable deposits of $300,000 also a reserve ratio of 10%. If it has excess reserves of $15,000, illustrate what is the size of the bank's actual reserves.
Today, most of our monetary transactions are done with plastic or via bank apps, all of which are easily tracked. Even craft vendors at small town festivals use apps on their smart phones and tablets to accept cashless payments. What behaviors would ..
If the reserve requirement is 20% and Lindsay deposits $200 into her checking account, calculate the change in her bank’s required reserves. Show your work.
A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. Last year, its residents decided to produce no capital goods. It has experienced no growth in its population or in the amounts of other product..
The best use of scarce resources paid for at the minimum level of cost to consumers and businesses
Some methods of initial assessment appear to be more useful than others. If you were starting your own business, which initial assessment methods would you use and why? Keep in mind the necessity of being able to measure assessments.
Currently you can purchase a used 10 year old CAT 24D for $85,000. Ten years from now, you think that a comparable used machine will sell for $105,000. What is the average annual inflation rate on used equipment that you are expecting during this 10 ..
Employee evaluations require a strong set of job descriptions, as well as a proactive communication system from managers who give timely feedback to their employees about performance issues as they arise. What should this kind of evaluation system lo..
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