Question: A production manager is interested in determining the proportion of
A production manager is interested in determining the proportion of defective items in a typical shipment of one of the computer components that her company manufactures. The proportion of defective components is recorded for each of 250 randomly selected shipments collected during a one-month period. The data are in the file P05_47.xlsx. Use @RISK to determine which probability distribution best fits these data.
Answer to relevant QuestionsThe manager of a local fast-food restaurant is interested in improving the service provided to customers who use the restaurant’s drive-up window. As a first step in this process, the manager asks his assistant to record ...Suppose Comdell Computer receives its hard drives from Diskco. On average, 4% of all hard disk drives received by Comdell are defective.a. Comdell has adopted the following policy. It samples 50 hard drives in each shipment ...Many companies use sampling to determine whether a batch should be accepted. An (n, c) sampling plan consists of inspecting n randomly chosen items from a batch and accepting the batch if c or fewer sampled items are ...The weekly demand for TVs at Lowland Appliance is normally distributed with mean 400 and standard deviation 100. Each time an order for TVs is placed, it arrives exactly four weeks later. That is, TV orders have a four-week ...For the example in Simple Decision Problem.xlsx, we found that decision D3 is the EMV-maximizing decision for the given probabilities. See whether you can find probabilities that make decision D1 the best. If the ...
Post your question