Suppose the next three random numbers were .08, .50 and .69. How many customers would have arrived during this 30-minute period?
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
A) 22
B) 23
C) 24
D) 25
Answer: A
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The cash balance on June 30 is projected to be $4500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final projected cash balance at the end of August taking into consideration all the financing transactions.
Tomo, Inc. has prepared its third quarter budget and provided the following data:
A) $7558
B) $(7442)
C) $47,600
D) $15,000
In which of these situations can an employee sue an employer to recover employment-related injuries?
A) The employer is self-insured. B) The employer unintentionally injures a worker covered under workers' compensation. C) The employee suffers an injury at work premises that is not related to work. D) The employer intentionally injures a worker covered under workers' compensation.
Sill Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:
A. 57,500 pounds B. 104,900 pounds C. 58,900 pounds D. 81,900 pounds
In ______, processes are systematically measured using statistical techniques.
a. total quality management b. reengineering c. Six Sigma d. transorganization development