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According to the University of Nevada Center for Logistics Management, 6% of all merchandise sold in the United States gets returned (BusinessWeek, January 15, 2007). A Houston department store sampled 80 items sold in January and found that 12 of the items were returned.
a. Construct a point estimate of the proportion of items returned for the population of sales transactions at the Houston store.
b. Construct a 95% confidence interval for the porportion of returns at the Houston store.
questionabc company produces a line of internal winchester disks for pcs. the drives uses a 3.5 inch platter from an
A business operates with 9 locations. Each year, each location is allotted an overtime budget based on the previous years' activity. The total overtime budget for all 9 locations is $10 million.
a new computer virus attacks a folder consisting of 200 files. each file gets damaged with probability 0.2
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Case Background: You are to take on the role of Marley. Address your brief to Dan Block and Ed Spriggs. Your instructor will review the MPS portion of the MRP explosion with you before the MRP explosion can be completed.
Gemayel et al. (2011) demonstrated that RSS can be an effective way to reduce auditing costs when assessing the true value of an account is time consuming (and, consequently, expensive) by allowing for smaller sample sizes than would be necessary ..
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