You must find the probability distribution

Assignment Help Management Theories

Reference no: EM131072462

Consider the probability distribution of the time worker two takes to complete all tasks once. Assume walking times are normally distributed with same mean and variance as the triangularly distributed times. The mean and variance of a triangular distribution are computed as follows:

a. The time for worker two to complete all tasks once is normally distributed. Compute the mean and standard deviation of this distribution. Assume that the minimum is 75% of the mean and the maximum is 125% of the mean as stated on page 11-5. Thus, the distribution is symmetric implying mean = mode

b. What is the probability that the time to complete all tasks once is greater than the takt time?

Reference no: EM131072462

Questions Cloud

Compute the long-run atc curve for each firm : Plot these curves and examine the type of scale economies each firm experiences at different output levels.

Discuss why sociologists do so much of their research : Discuss why sociologists do so much of their research outside the laboratory. Why is this type of necessary? What are the advantages and disadvantages of this type of research?

Find function f : Question - Let vector F(x, y) = x2i + y2j with C being the arc of the parabola y=2x2 from (-1, 2) to (2, 8). Find function f such that F→ = ∇F

Degree of operating leverage-operating breakeven point : My company makes and sells golf cart tires at $95.25 each. His fixed operating costs are $570,000 and his variable operating costs are $24. Determine the number of units he needs to rech the operating breakeven point. Now that you have found the % ch..

You must find the probability distribution : Consider the probability distribution of the time worker two takes to complete all tasks once. Assume walking times are normally distributed with same mean and variance as the triangularly distributed times. The mean and variance of a triangular ..

Plot the following three utility functions : State whether each utility function displays risk neutrality, risk aversion or risk love.

Identify the population that your sample will represent : Describe any potential pitfalls that you anticipate in conducting your survey. Identify the population that your sample will represent.

Compute the average utility associated with each game : Then compute the average utility associated with each game, given the utility values that are associated with each dollar outcome.

User Account

All Pages