In order to use stratified random sampling, you must…
a. randomly select individuals from your population
b. identify appropriate strata, then randomly select strata to be included
c. identify appropriate strata, then ask for volunteers within strata
d. identify appropriate strata, then randomly selection within strata
d. identify appropriate strata, then randomly selection within strata
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A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly patient and financial summaries. The practice's upgrade is an example of which IT strategic role?
A. Automate. B. Informate - up. C. Informate - down. D. Transform.
Firms actually benefit from late payments, because they reduce the amount of accounts payable
Indicate whether the statement is true or false
Lora Corporation will receive $10,000 a year at the end of each of the next five years. Using a discount rate of 14%, the present value of the receipts can be stated as ________
A) PV = $10,000 (Ordinary Annuity FV factor, i = 14%, n = 5 ) B) PV = $10,000 (PV factor, i = 14%, n = 5 ) C) PV = $10,000 (Ordinary Annuity PV factor, i = 14%, n = 5 ) D) PV = $10,000 (FV factor, i = 14%, n = 5 )
Technologistic Enterprises is a highly automated manufacturing firm. The CFO has decided that traditional standards are inappropriate for performance measures in this automated environment. Labor is insignificant in terms of the total cost of production and tends to be fixed, material quality is considered more important than minimizing material cost, and customer satisfaction is the number one priority. As a result, production and delivery performance measures have been chosen to evaluate performance. The following information is considered typical of the time involved to complete and ship orders. Waiting time: From order being placed to start of production 8.0 days From start of production to completion 7.0 days Inspection time 1.5 days Processing time3.0 days Move time2.5
days Required:1. Calculate the manufacturing cycle efficiency. 2. Calculate the delivery cycle time. What will be an ideal response?