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Q. Minnie went to Union High School while Mickey went to Southern High School. Both schools have equally challenging classes, class sizes, grading policies, etc. The one difference is in their yr end tests. The Union High test is out of 50 points, whereas the Southern High test is out of 3,600. Minnie scored a 40 on her test. Mickey scored a 900. The average score on the Union High test is 30 also there was a population standard deviation of 10. The average score on the Southern High test was 400 with a standard deviation of 250. Which of the subsequent statements is true given this information?
Dick Holliday is not sure illustrating what he should do. Illustrate what is your advice to Holliday. Illustrate what is expected value of perfect information.
Explain how a quality-assurance program might affect different organizational functions for a fast-food business such as McDonald's or domino's pizza.
Resistors for electronic circuits are manufactured on a high-speed automated machine. Machine is set up to produce a large run of resistors of 1,000 ohms each. illustrate what comments can you make about process.
Assume labour is paid $200 a week and the cost of machine time is $100 per week. If the firm wants to produce 1225 units of output, explain how many machines and labour must be employed.
Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
Graphically decide a daily production plan that minimizes the cost of meeting Leary Chemical's daily demands.
Explain why is planning important to success of a project. When would you, as a manager, use strategic planning. When would you use management planning.
A part used to repair machines has a normally distributed monthly demand with a mean of 65.0 and a standard deviation of 5.2. If lead-time is so predictable that it can be considered a constant 0.25 month and service level is 90 per cent: Illustra..
Williams Products is evaluating whether to introduce a new product line. Estimates the variable costs of each unit produced and sold at $9 and the fixed costs per year at $55,000"
Describe Shutter fly's business-level strategy. Who is the targeted customer. Which customer needs does the Corporation satisfy. Describe how does the Corporation use its competencies to satisfy these needs.
Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.
The subsequent data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. Compare the forecasts using MAD.
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