True meaning of dependent events

Assignment Help Operation Management
Reference no: EM132168470

As they hike, the boys in the troop keep getting spread out further and further. It seems Alex discovered the true meaning of "dependent events" in relation to "statistical fluctuations" by fluke! This analogy between a single file hike through the mountains and a manufacturing plant, makes Alex realize the difficulty of making up the downside of the fluctuations following "dependent events". The last event must always catch up everything to average out, which rarely ever happens.

Could you please help me to understand this paragraph by easy words?

Reference no: EM132168470

Questions Cloud

Network effects risk government intervention : Do firms that dominate their markets with network effects risk government intervention? Why or why not?
Create a simple yet unique graphic using svg : Using the examples found in the readings for this week, create a simple, yet unique graphic using SVG.
What are the six waves of computing : What are the six waves of computing? Give examples of firms and industries impacted by the sixth wave.
Compare and contrast the four main types of training : Compare and contrast the four main types of training. Include an example of what kind of company would benefit most from each kind.
True meaning of dependent events : As they hike, the boys in the troop keep getting spread out further and further. It seems Alex discovered the true meaning of "dependent events"
Explain the importance of configuration management : Explain the importance of configuration management, change management, and source code control to the implementation, testing, and deployment of this conversion
Types of information that an international company needs : What are the types of information that an international company needs to have reported to it by its units around the world
Explain the problem of multiple outcome testing : Explain in your own words the problem of multiple outcome testing with reference to the above results - How many of the 12 month outcomes would be significant
Describe the prevailing culture within an organization : How would you describe the prevailing culture within an organization to a stranger that is not familiar with the organization?

Reviews

Write a Review

Operation Management Questions & Answers

  What is the probability that the project tilll take longer

What is the probability that the project tilll take longer than 46 weeks? The project manager wishes to set the due date for the completion of the project so that there is a 90% chance of finishing on schedule. Thus, there would only be a 10% chan..

  West coast transit case study

Write a paper in which you address the following based on the information provided in the "West Coast Transit Case Study" resource

  Why is it essential for the leader to model restraint

Why is it essential for the leader to model restraint and to avoid being a verbal or physical aggressor?

  Managers willing to look at long-term for such strategies

Judging from the thoughts thus far you can imagine what the discussions would be IF we were in a large organization. Many perspective AND many approaches toward accomplishing the same thing. One aspect that I feel is important is the element of commi..

  Discuss about the fascinating perspective

Fascinating perspective. The opportunities to stimulate growth from within our only limited by our approaches.

  There are two vendors who can supply you with empty cans

There are two vendors who can supply you with empty cans used in your pickle business. One says he'll replace any cans you find defective free of charge.

  Key environmental challenges Elon Musk saw as opportunities

What are the key environmental challenges Elon Musk saw as opportunities? How did he address those challenges in different businesses?

  What is the implied cost of shortage

what is the implied cost of shortage, given the actual order size? What might be a reason for this difference in shortage costs? ($2.39)

  Major causes of inaccurate job analysis data

What are some of the major causes of inaccurate job analysis data? What might you do to reduce or eliminate errors?

  What does the product-process matrix tell us how must the

what does the product-process matrix tell us? how should the kitchen of a chinese restaurant be structured?how does

  Principles of a database management system

What are the principles of a database management system?

  Temptation to respond defensively to customer problems

A positive way to view problems is to think of them as opportunities. How can this approach reduce the temptation to respond defensively to customer’s problems.

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