From a population of size 400, a random sample of 40 items is selected. The median of the sample
a. must be 200, since 400 divided by 2 is 200.
b. must be 10, since 400 divided by 40 is 10.
c. must be equal to the median of population, if the sample is truly random.
d. none of these alternatives is correct.
d
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The ________ is a symmetric bell-shaped distribution that is useful for small sample (n < 30 ) testing
A) t distribution B) frequency distribution C) chi-square distribution D) F distribution
In an ATO process supply chain, ______.
A. the volume of WIP inventory held as buffer is low B. the degree of customization is low C. the POP occurs further downstream than in an MTO process supply chain D. the volume of WIP is the same as in the MTO process supply chain
Mandatory public reporting of financial information:
a. enhances the perceived fairness of the capital market. b. increases the total cost to society of obtaining the information. c. results in costs greater than benefits. d. requires companies to generate a lot of information that would not otherwise be produced by its accounting system.
The second step in Theory of Constraints application, "exploit the bottleneck(s)," means that the analyst should:
A) create a schedule that maximizes the throughput of the bottlenecks. B) repeat the analysis process to look for other bottlenecks. C) consider increasing capacity of the bottleneck. D) schedule non-bottleneck resources to support the bottleneck.