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Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for n and p (binomial) or mu (poisson) for your example. Calculate the mean and standard deviation of the distribution for your example
What are the classified different stock items? The ABC system of inventory management Various stock items are classified as like: a. High value (A) b. Medium value (B
A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 percent of capacity; actual usage was 52 percent of cap
Define the elements of method study and work measurement. Method study and Work Measurement are elements of Work Study.
Write a one/two-¬page discussion of training program development costs discussing how companies may find ways to make training programs more cost effective.
The growth rates of newly industrialized countries are burgeoning between 5 and 11% That is a little over two times the growth rates of developed countries. Why do you think tha
Discuss potential key changes in technology, communications, and competition that Sigma will face in the future. Which will have the most impact on Sigma future marketing strategie
Question 1: A hotel has decided to focus more strongly on customer service and has just conducted a customer survey. Unfortunately, the results show that many customers are dis
The product-process matrix used to analyze manufacturing operations brings together the elements of: a) Customization, volume, and process. b) Volume, process, and intensity.
what is Block Diagram Analysis
Why is MIS one of the most important courses for a business student?
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