Question $2$

Upon understanding from the predictive modelling and association of the productscustomer, he now prioritizes improving the robustness for Model B$.$ He has improved the process and strengthened the diameter of the tooling machine to bend the rattan, which is a critical flow of the process. He has collected the data and needs to ensure that the process is under control. He is now ready to evaluate If he should expand his product to neighboring countries or stay with the domestic market given the market uncertainties and cost of expansion.

c$)$ With the improvement data, can he claim the operational tooling process under control $($statistically $3$ sigma$)?$

d$)$ Given the summarized information below, help him with a decision tree to evaluate the expected monetary value to derive a conclusion.

$2024/13$ G$8$MS$11$ at Arignment $2$

$\backslash$table$[[$Bunnengatiens$,$Cranday,Prebandity,$],[$Domestic$,$Cood,The,$4580],[,$Pow,$304,1250],[$Chport$,$tood,Tou,$6500],[,$Prour,$304,3200]]$

$[30$ Marks$]$

Application of Quantitative Techniques

Quantitative techniques can be easily applied in our daily lite, research, business or at work. The data presented, visualized, analyzed with statistical or relevant techniques offers objective assessment to decision making.Question $2$

Upon understanding from the predictive modelling and association of the productscustomer, he now prioritizes improving the robustness for Model B$.$ He has improved the process and strengthened the diameter of the tooling machine to bend the rattan, which is a critical flow of the process. He has collected the data and needs to ensure that the process is under control. He is now ready to evaluate If he should expand his product to neighboring countries or stay with the domestic market given the market uncertainties and cost of expansion.

c$)$ With the improvement data, can he claim the operational tooling process under control $($statistically $3$ sigma$)?$

d$)$ Given the summarized information below, help him with a decision tree to evaluate the expected monetary value to derive a conclusion.

$2024/13$ G$8$MS$11$ at Arignment $2$

$\backslash$table$[[$Bunnengatiens$,$Cranday,Prebandity,$],[$Domestic$,$Cood,The,$4580],[,$Pow,$304,1250],[$Chport$,$tood,Tou,$6500],[,$Prour,$304,3200]]$

$[30$ Marks$]$

Application of Quantitative Techniques

Quantitative techniques can be easily applied in our daily lite, research, business or at work. The data presented, visualized, analyzed with statistical or relevant techniques offers objective assessment to decision making.