9. Which of the following is least likely to be seen in a company that competes
ID: 343549 • Letter: 9
Question
9. Which of the following is least likely to be seen in a company that competes on Cost?
Low overhead
High capacity utilization
Effective inventory management
Broad product line
10. Suppose you are asked to determine the Lower Control Limit for a p-chart for quality control purposes. Samples are taken from the production line. The fraction defective is 0.03 and the standard deviation is 0.006 based on the samples. Set z = 3. Which of the following is the LCL of the p-chart?
0.012
0.048
0.006
0.013
11. Given forecast errors of 2, 5, -10, and -3, what is the mean squared error (MSE)?
138
34.5
5
36
ALow overhead
BHigh capacity utilization
CEffective inventory management
DBroad product line
Explanation / Answer
9. d. Product variation increases set up cost, losses etc.
10. a. 0.03-3*0.006= 0.012
11. b. MSE = (4+25+100+9)/4=34.5
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