The capacity of a production line was monitored daily for one week and the numbers of manufactured
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Question:
The capacity of a production line was monitored daily for one week and the numbers of manufactured products were as follows: (3109, 3279, 3402, 3357, ?, 3327, 3198). A question mark means a missing observation. Calculate the average number of products produced for the days for which the observations are obtained.
If the missing observation were accidentally replaced with zero and then the average for the entire week was calculated, how much would the result differ from the average of the six values that were actually observed?
Related Book For
Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
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