In regression and correlation analysis, if SSE and SST are known, then with this information the
a. coefficient of determination can be computed.
b. slope of the regression line can be computed.
c. y-intercept can be computed.
d. x-intercept can be computed.
a
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Which of the following is FALSE with regard to PDSA?
a. It stands for Plan, Do, Study, Act. b. It represents kaizen. c. It is known as the Juran Cycle. d. It is often represented in a circle.
List three questions managers should consider when deciding whether to drop a product or a business segment
What will be an ideal response
The gross margin ratio is defined as gross margin divided by net sales.
Answer the following statement true (T) or false (F)
Trayton Enterprises, which manufactures lawn mowers, recently installed a just-in-time purchasing system and an activity-based management program.Required: A. Determine whether the following items would be apt to increase or decrease as a result of the just-in-time system: 1. Inventory storage costs.2. Number of suppliers used.3. Number of raw material shipments handled.4. Dollars available for alternative investment opportunities.5. Quality of raw materials purchased.B. Identify the following items as value-added activities, non-value-added activities, or both.1. Attaching the engine to the mower's body.2. Installing a new air-conditioning system in the executive offices.3. Replacing a defective wheel with a new wheel.4. Designing and printing an owner's instruction manual for a new
model.5. Moving completed mowers to the finished-goods warehouse.6. Attaching the handle to the mower's body. The process took longer than normal because of a worker slowdown caused by disgruntled employees. What will be an ideal response?