In Engineering Management Research (May 2012), a simulation game approach was proposed to teach concepts in a
Question:
a. Using a tree diagram, list how many different purchase order cards are possible. (These are the sample points for the experiment.)
b. Suppose, from past history, that black color TVs are in higher demand than red TVs. For planning purposes, should the engineer managing the production process assign equal probabilities to the simple events, part a?
Why or why not?
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Related Book For
Statistics For Business And Economics
ISBN: 9780134506593
13th Edition
Authors: James T. McClave, P. George Benson, Terry Sincich
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