Half of the observations in a data set are greater than the

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Reference no: EM132202040

1. Half of the observations in a data set are greater than the

mean.

median.

mode.

standard deviation.

2. Manufacturer of party products. A new line of blue chairs is selling successfully but not profitable. The production process is fairly but takes 4 days and chairs have to retail at a very low price to be competitive. The owner of the company feels that the greatest cost is in keeping 50,000 packages of candles in inventory. She wants to implement a Kanban system to reduce storage costs. The operations manager provides the owner with the following information:

Daily demand3,000 packages of chairs

Lead time4 days

Safety stock1 day

Container size250 packages

How many Kanbans will be required and what does this mean?

3. A plant engineer wishes to know which of two types of light bulbs should be used to light a warehouse. The bulbs currently used cost $45.90 per bulb and last 14,600 hours before burning out. The new bulb ($60 per bulb) provides the same amount of light and consumes the same amount of energy but lasts twice as long. The labor costs to change a bulb is $16.00. The lights are on 19 hours a day, 365 days a year. If the firms MARR is 15% and it's marginal tax rate 40%, what is the break even price per bulb for the new bulb? Please show formulas, will rate. Thank you.

$64.60

$92.72

$120

$49

4. An organization should consider only projects with a ____ NPV if financial value is a key criterion for project selection.

positive

negative

zero

well-defined

Reference no: EM132202040

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