Which of the following occurs when you accept the null hypothesis when it is really true?
a.Type I error
b.Correct decision
c.Type II error
d.Power
ANS:B
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Indicate whether the statement is true or false
Synchronous manufacturing systems
A. is also called the theory of constraints. B. is a balanced system while a JIT system is unbalanced. C. takes longer to install than a JIT system, but production capacities are larger. D. is faster than a JIT system because no allowances are made for contingencies.
Customer arrival rates vary throughout the day and the priority rules change depending on the customer mix and influence each has over the finances of the firm
Such a situation is best analyzed using simulation rather than one of the queuing formulas. Indicate whether the statement is true or false