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Med-Tech engineers are trying to improve the design of a pump shaft that has an outer diameter specification of 13 inches with a tolerance of ± 0.003 inch. Available inspection data from the past year indicate that the mean value of the diameter has been 13.001 with a standard deviation of 0.0025 inch. The gear sells for $125. The estimated loss to society is $20 for any gear that has a diameter at the upper or lower tolerance limit. Annual sales of the gear amount to 40,000 units.
What is the expected loss per year?
You are selling American made goods to a French customer, but for competitive reasons you must do the deal in Euros. In 6 months, you expect to receive euro 800,000. Do you hedge your receivable and how?
Consumer products are classified based on the attributes used in making the purchase decision, the effort spent by the consumer,
The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows: What is the value of your forecast? If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain ..
The Economic Order Quantity (EOQ). The “Inventory Position” is. In a single-period inventory model the.
The Evergreen Company owns acreage of shrub trees to be harvested and sold each spring. The company estimates the costs of cutting and trimming the trees to be $2.50 per tree. Shipping costs are not incurred if trees are not sold. The historical dema..
Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
The Department of Homeland Security, created in 2002, created the second largest government agency in the country
Concise writing will save your reader time and make your message easier to understand. Which of the following options are redundancies? Check all that apply.
We will examine the importance of conducting a needs assessment prior to the development and implementation of a training program.
Today's workforce is required to be flexible and respond to changes in the work environment.
During discovery, lawyers for the defense find out that the plaintiff was hospitalized in a psychiatric facility last April.
How might incentives stimulate positive organizational behaviors? Discuss the place of rewards and punishments for organizational members.
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