A consultant reviews a initial study on loan application processing time with an accuracy deviation ratio of 0.04 and a confidence interval of 99%. The sample mean is 4 minutes and a sample standard deviation of 2.8. Assume the maximum acceptable error to be 0.7. What should be the number of observations if a study to be conducted (don't round your answer). a. 106.50 b. 833.77 c. 2038.52 d. 61.47 e. 1667.16 A warehouse, outside of Montreal, perfoms minor assembly on parts for two products (Product A and B; product mix ratio 60/40, A to B). Parts are first inspected for each product. Then, they are assembled, packaged, and shipped. Below is a table detailing the different departments involved and their load information. Based on the data, what is the effective capacity of the process? Number Ti Unit Ti Unit of units in Resource Load Pool Load Product Product "A" (min) "B" (min) the resource pool Inspection 1 1.5 2 3 4 5 Assembly Packaging 5 6 9 Shipping 4 3 4 a. 1.47 b. 1.11 C. 1.67 d. 0.83 e. None of the answers A warehouse, just outside of Montreal, gets a daily shipment of a USB connector product. The daily demand of this product is 1850. The products are first placed in storage (waiting stage) at the entrance of the warehouse where on average there are 320 products. A Receiving clerk picks the products from storage and verifies them (assure quality stage). It takes the clerk 0.01 days to verify each product. Then the products are sorted and packaged (sorting stage) into three streams: Ottawa (20% of products), Laval (30% of products), and Montreal (50% of products). On average, there are 380 products being sorted. After, three shipping stations load the products into trucks heading to each location respectively (Montreal, Laval, and Ottawa). The loading stage takes 0.004, 0.01 days, and 0.08 days for the destination of Montreal, Laval, and Ottawa respectively for each product (last stage of process). On Average, how many hours does a product spend in the warehouse (assuming 8 hours in a day)? a. 3.36 b. 4.28 c. 3.70 d. 3.07 e. 3.28