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tigry1 [53]
2 years ago
8

The 2015 American Time Use survey contains data on how many minutes of sleep per night each of 10,900 survey participants estima

ted they get. The times follow the Normal distribution with mean 529.9 minutes and standard deviation 135.6 minutes. An SRS of 100 of the participants has a mean time of x¯=514.4 minutes. A second SRS of size 100 has mean x¯=539.3 minutes. After many SRSs, the values of the sample mean x¯ follow the Normal distribution with mean 529.9 minutes and standard deviation 13.56 minutes.
What is the population?

A. The population is 135.6 million respondents to the American Time Use Survey.
B. The population is the 100 participants in the SRS.
C. The population is the 10,900 respondents to the American Time Use Survey.
D. The population is all Americans who sleep through the night.
Business
1 answer:
PolarNik [594]2 years ago
7 0

The population is the 10,900 respondents to the American Time Use Survey.

Explanation & Solution:

Statistics indicate that a large number of findings with similar features are related to in the population.

A sample is a subset from which it has been extracted.

"The American Time Usage survey for 2015 provides details about how many minutes of sleep every evening are assigned to each of 10,900 survey respondents.

An SRS of 100 participants (a plain random sample) has x = 514.4 minutes on average.

The size of the U.S. Time Utilization Survey is 10,900.

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A manager reorders lubricant when the amount on hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally dis
Snezhnost [94]

Answer: The risk of stock out = 2.94%

Explanation:

Reorder point is calculated as: Lead time*demand per unit time=45*9=405

While the amount on-hand reaches 422 pounds, the manager was reordering lubricant.

During the lead time, Standard Deviation of Demand =Daily S.D*(Lead time)^0.5=3*(9^0.5)=9

Risk of Stock Out=(422-405)/9 S.D=1.89 S.D

From Normal distribution curve 1.89 S.D=0.0294=2.94%

Therefore, the risk of stock out=2.94%

7 0
1 year ago
Read 2 more answers
Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From
nydimaria [60]

Answer:

Unit Information

Units charged to production:

Inventory in process, July 1                  30000

Received from materials storeroom <u>155000  </u>

Total units accounted for                       185000

<em><u>Units to be assigned costs: </u></em> Equivalent Units

           Whole Units         DM     Conversion

Beginning          30,000    0          27,000

Std and comp  119,000 119,000  119,000

Transferred to  149,000 119,000 146,000

Ending                    36,000  36,000   16,200

Total units         185,000 155,000 162,200

                           Materials Conversion (labor + overhead)

Total costs for the month  620,000 123,272

Total equivalent units      155,000 162,200

Cost per equivalent unit  $4.00       $0.76

                 DM            Conversion           Total

Beginning                                           $121,800.00

Incurred      $620,000.00   $123,272.00  <u> $743,272.00 </u>

Total costs accounted for                             $865,072.00

Beginning             $121,800.00

To complete            <u>   $20,520.00 </u>

Total beginning    $142,320.00

Std and comp        <u>  $566,440.00 </u>

Trasnferred             $708,760.00

Ending                           <u>    $156,312.00 </u>

Total costs assigned       $865,072.00

Explanation:

First we calcualte the physical units.

then the equivalent units.

we solve for equialent cost per unit by dividing the cost of the period by the equivalent unit

then, we make the cost reconciliation

notice how the cost accounted (beginning + incurred during the period)

matches the cost assigned (trasnferred + ending WIP inventory)

4 0
2 years ago
Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated
____ [38]

Answer:

Answer) 1)The lower supply of lawyers will lead to high salaries, and current law school admits will be more likely to decide to attend

Explanation:

Simple demand and supply logic can be used to reflect that as the supply of lawyers is lower, price (salaries of lawyers) will be higher and it will force the students to join law classes for higher salaries after completion of the programme.

3 0
2 years ago
Explain the impact of effective purchasing on an operation’s cash flow.
Paraphin [41]

Answer:

Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.

8 0
1 year ago
The center of gravity method determines the best x and y coordinates for multiple faclities by finding a central location and th
babymother [125]

Answer:

The answer is True.

Explanation:

The center of gravity method is a concept under <em>Operations Management</em> as it relates to facilities distribution such as warehouses or fulfillment centers.

Center of Gravity Strategy/Method is defined as a concept that seeks to calculate geographic coordinates for a potential single new facility that will minimize costs. Under this approach the main factors considered are:

  • Cost of Shipping
  • Markets
  • Volume of goods shipped

Operations managers prefer to use this approach in siting the location of their facilities because:

  • It minimizes cost.
  • It is simple to compute
  • It takes in to consideration existing facilities

How to use the Center of Gravity Method

Step 1:

  • Place existing facility(ies) such warehouse, fulfillment center, and distribution center locations in a coordinate grid.
  • situate the grid on an ordinary map.
  • The distances between the facilities must be noted.

Step 2:

Then, using the equations below,

   Fx= ∑ dix Vi/ ∑ Vi

   Fy= ∑ diy Vi/ ∑ Vi

Proceed to calculate the X and Y coordinates using these equations where Fx is the X (horizontal axis) coordinate for the new facility, and

Fy is the Y (vertical axis) coordinate for the new facility, dix is the X coordinate of the current location, diy is the Y coordinate of the existing location, and Vi is the volume of goods moved to or from the <em>i</em>th location.

Step 3:

After you have obtained the X and Y coordinates place that location on the map.

This approach allows for point of departure – or, literally, a starting point of where (from the perspective of longitude and latitude) you options are for where to grow your fulfillment or logistics network.

Cheers!

 

8 0
1 year ago
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