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A bank has recently taken over the billing function of a company. An agreement stipulates that the bank should process 99.2% of the bills within 4 hours. A study of the current process indicates that the processing time averages 2.2 hours per bill with a standard deviation of 0.8 hours. A process improvement team has suggested a change. Experiments indicate that the change will lower the average processing time to 2 hours, but will raise the standard deviation to 1.2 hours.
a.) With the new system, what is the probability of processing the bills within 4 hours?
b.) With the current system, what is the probability of processing the bills within 4 hours?
c.) Should you change systems
The GAC company is considering the purchase of a special shipment of portable air conditioners manufacted in japan. each unit will cost 80 and it will be sold for 125.
A seasonal index for a monthly series is about to be calculated on the basis of the past four years' accumulation of data. the four previous July values were 110, 135, 125, and 130.
What are the forces for global convergence in a labor system? What are the forces for a labor system to maintain divergence or establish a divergent system?
Sally's Silk Screening produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce for an upcoming event
Compare the models and information found with Nonaka's Theory of Knowledge Creation. Consider ways knowledge creation works in an organizations. Describe how to transition the individuals and the organization as a rule using learning, knowledge, a..
Will this type of class be better or worse than a traditional class? Will security measures be necessary for the wireless classes? If so, what measures will you put in place to protect the content?
In what ways are the strategic management of business and military strategy alike? In what ways are they different?
In the following schedule, what is the total amount of uncommitted inventory that the company can promise to new customer requests for the month of June?
Describe the demand chain and supply chain of Target Corporation. How do they stay ahead of their competition? What are their product and services specifications?
Discuss the implications for supply chain leadership as their focus shifts from minimizing total supply chain cost to maximizing firm sustainability.
The Snack Food Association publishes an annual State of the Industry report that can be found at sfa website Based on information in the latest State of the Industry report
Each display costs $18.80 also there is an ordering cost of $75 regardless of size of order. Company uses a stock-out cost of $400 per display also 40% of annual interest rate is used to compute holding costs. HK works 52 weeks in a year.
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