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Determining Sample Design:
All the items consideration in any field of inquiry constitute a universe or population. A complete enumeration of all the items in the population is known as a census inquiry. In such an inquiry when all the items are covered no element of chance is left and highest accuracy is obtained. But in practice this may not be true. This type of inquiry involves a great deal of time money and energy. Not only this census inquiry is not possible in practice under many circumstances.
The researcher must decide the way of selecting sample or the sample design. A sample design is a definite plan determined before any data are actually collected for obtaining a sample from a given population. Samples can be either probability samples or non probability sample with probability samples each element has a known probability of beings included in the sample but the non probability samples do not allow the research to determine this probability.
A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 5
Tasks, Predecessors and Times - Process Design The first step in the procedure is to draw a precedence diagram, shown here, the task labels and times entered in the nodes
Explain Lead Time. Lead Time : Lead Time is the time that takes the stock to reach from Re-order point to minimum stock level. This may be also defined as the time as elapses
TRUE or FALSE. The Sergio Lumber Company manufacturers plywood. One step in the process is the one where the veneer is dried by passing through a huge dryer (similar to an oven) wh
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Why doesn't Lincoln Electric Company want to join a union?
Explain how the EOQ technique helps explain the following: All things being equal, the production inventory quantity will be larger than the economic order quantity.
What is Statistical Process Control? What are the advantages and disadvantages of SPC? Identify two or three applications in your organization that could benefit from Statistical P
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