Estimate the actual machine capacity

Assignment Help Business Management
Reference no: EM133152048

As part of an R&D project, it is required to produce 60 circuit boards using a specific piece of equipment. According to the equipment specification, its design capacity is 0.4 boards per hour. However, past experience indicates that significantly more time will be required. In particular, the following frequency data were collected over a 1-week period when the machine was working on other jobs.

Activity

Frequency

Machine is working on a job

67

Parts are being fed to the machine

6 

Maintenance is being performed

9 

Machine is waiting for parts

22

Estimate the actual machine capacity.

How long will it take to complete the 60 boards?

If you want the capacity estimate to be within ±5% of the true value with a 95% level of confidence, then what should the sample size be? Assume that the capacity estimate is normally distributed.

Reference no: EM133152048

Questions Cloud

How much net tax would be payable : How much net tax would be payable by the GHI Superannuation Fund which provided the following details for the current financial year
Five important behavioral attitudes : In ESSAY format Identify and Explain in detail using your own words Five(5) Important Behavioral Attitudes that are valuad by Emplyers.
How can marketers use repetition to increase the likelihood : How can marketers use repetition to increase the likelihood that consumers will learn about their brand?
Prepare amortization schedule for first three interest : Carla Vista Ltd. issued $0.90 million of 5-year, 4% bonds dated May 1, 2021, Prepare amortization schedule for first three interest
Estimate the actual machine capacity : As part of an R&D project, it is required to produce 60 circuit boards using a specific piece of equipment. According to the equipment specification, its design
Explain in detail what is a swot analysis : Explain in detail what is a SWOT Analysis? Write one paragraph explaining.
Organizational development and innovation : What do you see as the relationship between organizational development and innovation?
Consultant for the polish government : 1.If you were a consultant for the Polish government, would you advise policies that detach the country from Russian energy, despite its cost advantage?
What was the netflix primary innovation : What was the Netflix primary innovation that this company came up with that disrupted the industry?

Reviews

Write a Review

Business Management Questions & Answers

  How do these philosophies differ from the adult process

How do these philosophies differ from the adult process and what are the sanctions involved, the various legal factors associated with sentencing, and the aspects of the appeal process.

  Write a memo informing employees of the company policy

Write a memo informing employees of the company's policy regarding use of office equipment, including phones and the internet, for personal use. What disciplinary action will be taken if someone uses office equipment for personal matters? Make sure t..

  Addressing non verbal communication

Reviews should include a synopsis and your opinion of the article. The submission is to be, using a 12 point font and will be graded on depth and clarity.

  Public administration and business administration

Public Administration and Business Administration: Siamese Management Twins Separated at the Heart?

  What are the implications of the paper to you

What are the implications of the paper for the software development community? What are the implications of the paper to you?

  Finance in healthcare services industry

Do you think the role of finance in the healthcare services industry has increased or decreased in importance in recent years? Why?

  What is a financial system

What is a financial system and why would a country with a well developed and fully functional financial system be better off than a country without it?

  Find out the modes of transportation

What modes of transportation are best suited for large, low-value shipments? Why?

  What is the average selling price per steering wheel

A decrease in unit sales of $2,000 is forecast. Total cost are $5 million annually and fixed costs amounts to $2 million.

  Quality control enforcer and ensure products

Explains it is important to have a checkweigher who is the quality control enforcer and ensure products are meeting all standards and are the correct weight

  What data is currently shared among the functional areas

What data is currently shared among the functional areas in your organization? What improvements could be made to the data sharing process(es)?

  What is a customized and ready-made

On information technology, what is a customized and ready-made? What are the uses and benefits of each?

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