How many work cycles should be timed to estimate the average cycle time to within 2 percent
Question:
How many work cycles should be timed to estimate the average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (minutes): 5.2, 5.5, 5.8, 5.3, 5.5, and 5.1? The standard deviation is .253 minutes per cycle.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Given An operation yielded times of 52 55 58 53 55 and 51 The goal is ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
How many work cycles should be timed to estimate tire average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (in minutes): 5.2,...
-
A study is conducted to estimate the average difference in bus ridership for a large city during the morning and afternoon rush hours. The transit authoritys researcher randomly selects nine buses...
-
PoolVac, Inc. manufactures and sells a single product called the ?Sting Ray,? which is a patent-protected automatic cleaning device for swimming pools. PoolVac?s Sting Ray faces its closest...
-
What are the upper and lower 2.5th percentiles for a chi-square distribution with 2 df? What notation is used to denote these percentiles? Pulmonary Disease The data in Table 6.10 concern the mean...
-
Theoretically, any given production plant has an optimum output level. Suppose a certain production plant has annual fixed costs FC = $2,000,000. Variable cost VC is functionally related to annual...
-
Look at the mass spectrum of germanium, Ge. a. Write the isotopic formula for the heaviest isotope of germanium. b. Use the % abundance of each isotope to calculate the relative atomic mass of...
-
A steam power plant operating on a basic Rankine cycle has the following parameters: maximum (boiler) pressure 20 bar; minimum (condenser) pressure 0.5 bar. Calculate the thermal efficiency of the...
-
Many people are concerned about the rising price of gasoline. Suppose that government officials are thinking of capping the price of gasoline below its current price. Which of the following outcomes...
-
Express -36 in terms of i: -36 = I
-
Nadia Khalif is the office manager for the Conyers Law Offices in Dallas, Texas. The firm is planning to move its computer network into the cloud so that everyone working on a case can access...
-
How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to within .4...
-
In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loaders were idle in 6 of the 50 observations. a. What is the estimated...
-
What are the tax consequences for the transferor and transferee when property is transferred to a newly created corporation in an exchange qualifying as nontaxable under Sec. 351?
-
school store sells pens for $0.35 each d pencils for $0.15 each. Anthony spent 2.80 to buy a total of 12 pens and pencils. How many pens did Anthony buy?
-
You write pseudocode for modules as you would for other programs. Question 2 2 options: True False
-
A corporate bond pays 8% annual coupon rate and has $1,000 par value. It will mature in 5 years and its yield to maturity is 9%. Calculate: (1) the bond's price. (2) its Macaulay duration.
-
EE101 Task. 1. Implement a C++ class named Pendulum to represent a simple pendulum. 2. The class should have private member variables for the length of the pendulum (length) and the acceleration due...
-
2) Answer the following questions. Show your calculations. a) A 64Kbyte data, 8-word block, direct-mapped cache has blocks. b) A 64Kbyte data, 8-word, 4-way set associate cache has sets. c) Assume...
-
Figure P6.3 depicts flow in a horizontal parallel-plate channel in which v x = U at the upper wall, the lower wall is fixed, and P is independent of x. This is plane Couette flow, as introduced. The...
-
According during to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,088 in 2018. Consider the population of "last-minute" filers who mail...
-
Explain briefly how a JIT/lean system differs from an MRP-based system.
-
What are the main benefits of JIT/lean? Name a company using JIT/lean, and describe how JIT/lean contributes to the company *s competitive advantage.
-
Contrast the principles of the Shingo prize with the goals of JIT/lean given in Figure 15-1. Why cant a Shingo Prize winners production process be unbalanced and slow? Explain. Figure 15-1 Ultimate...
-
In Country A, the population mean height for 3-year-old boys is 39 inches Suppose a random sample of 15 3-year-old boys from Country B showed a sample mean of 38.6 inches with a standard deviation of...
-
what ways does cultural diversity serve as a catalyst for creativity, innovation, and cross-cultural fertilization, enriching intellectual discourse, fostering intercultural dialogue, and challenging...
-
How can participatory approaches to cultural policymaking, grassroots cultural initiatives, and community-based cultural development projects empower marginalized cultural groups, amplify their...
Study smarter with the SolutionInn App