Balding Inc. is the official producer of basketballs used in NBA tournaments. The Dallas Mavericks have placed a large order for Balding’s Fusion basketballs of 29.5- inch diameter, which feature exclusive micropump technology. Jennifer Boling, the Mavericks’ head of bas-ketball operations, says she will accept only basketballs within 0.2- inch tolerance (i. e., those with diameters between 29.3 and 29.7 inches). Balding’s production manager sets the mean of its basketball manufacturing process at 29.5 inches and would like to ensure that 95% of its output will meet Boling’s requirements. What should be Balding’s process capability ratio?
Answer to relevant QuestionsThe Wall Street Journal reported that “although GM and Toyota are operating with the same number of inventory turns, Toyota’s throughput is twice that of GM.” The discrepancy, concluded the writer, “could be due to ...Checking accounts at a local bank carry an average balance of $ 3,000. The bank turns over its balance 6 times a year. On average, how many dollars flow through the bank each month? Wonder Shed Inc. (Example 4.3) produces, in addition to the standard model, a deluxe version for the discriminating customer. The production process for the two models is identical and is depicted in Figure 4.1. The activity ...A company’s average costs and revenues for a typical month are $ 15 million and $ 18 respectively. It is estimated that 33% of the costs are variable, and the rest is fixed. What is the throughput profit multiplier? Evaluate with explanation the following statements, circle the appropriate response, and explain briefly. a. Suppose the control limits for a process are set at 3 standard deviations from the mean. If the process is in ...
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