The term _____ is based on a statistical measure that equates to 3.4 or fewer errors or defects per million opportunities
a. Pareto analysis
b. Six Sigma
c. Quincunx
d. Quality trilogy
b
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Which statement is not related to statistics associated with cross-tabulation?
A) The statistical significance of the observed association is commonly measured by the chi-square statistic. B) The t test could be conducted on the mean of one sample or two samples of observations. C) Generally, the strength of association is of interest only if the association is statistically significant. D) The strength of association can be measured by the phi correlation coefficient, the contingency coefficient, Cramer's V, and the lambda coefficient.
Since 1999, GEICO Insurance ads feature a polite, demure gecko named Martin after the advertising agency that came up with him. In addition to being a play on the similar sound and look of the words "GEIKO" and "gecko," Martin is an example of the use of animation in advertising.
Answer the following statement true (T) or false (F)
Which of the following statements regarding linear programming is NOT true?
A) A linear programming problem can have more than one optimal solution. B) Most real-world linear programming problems are solved on a computer. C) If a binding constraint were relaxed, the optimal solution wouldn't change. D) A surplus variable is added to a > constraint to convert it to an equality.
Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MayRevenue $5,300$156,400Employee salaries and wages$42,900 $1,300$82,300Refurbishing materials $500$15,100Other expenses$42,900 $41,900?When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May.?The activity variance for total expenses for May would have been closest to:
A. $3,600 U B. $4,900 U C. $4,900 F D. $3,600 F