______ is the reliability of a product or component expressed as the average length of time elapsed before the product or component fails.
A. Mean time to repair (MTTR)
B. Mean time to failure (MTTF)
C. Mean time between failures (MTBF)
D. Mean time between repairs (MTBR)
C. Mean time between failures (MTBF)
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Colossal Beverages Company sells two products, A and B. Mist predicts that it will sell 2500 units of A and 2000 units of B during the next period. The unit contribution margins are $4.00 and $4.80 for products A and B, respectively. What is the weighted-average unit contribution margin? (Round your answer to the nearest cent.)
A) $4.36 B) $4.40 C) $4.44 D) $8.80
Channels _____ and _____ are direct links between producers and consumers.
a. A, B b. C, D c. A, G d. B, G e. C, F
Suppose the next three random numbers were .11, .42 and .84. Use these values to simulate arrivals into the bakery and determine the average number of arrivals per 10-minute period based on these occurrences
The average number of arrivals per 10-minute period is: A) 6. B) 7. C) 8. D) 9. A bakery is considering hiring another clerk to better serve customers. To help with this decision, records were kept to determine how many customers arrived in 10-minute intervals. Based on 100 10-minute intervals, the following probability distribution and random number assignments developed. Number of Arrivals Probability Random numbers 6 .1 .01 - .10 7 .3 .11 - .40 8 .3 .41 - .70 9 .2 .71 - .90 10 .1 .91 - .00
The amount of inventory after the sale of a finished product should be in balance with customer demand to minimize total costs.
Answer the following statement true (T) or false (F)