The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill payments for 85 of the bank's largest commercial customers
The payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minute. Setup times are negligible in this situation. A capacity cushion of 20 percent is needed for the operation. The average monthly (not annual) volume of payments processed through the department currently is 400,000. However, it is expected to increase by 20 percent. The department operates eight hours per shift, two shifts per day, 260 days per year. How many machines (not operators) are needed to satisfy the new total processing volume? (Round up to the next whole integer.)
A) fewer than 7
B) 7
C) 8
D) more than 8
C
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Which of the following is NOT true of value stream mapping?
a. It is used to analyze and design the flow of materials and information across multiple processes to bring a product or service to a consumer. b. It enables a process analyst to identify activities that do not add value so that they can be eliminated to reduce waste and improve efficiency. c. It is a process mapping technique. d. It assesses the time taken for each step in the value stream.
Which of the following reviews various points where two or more systems interact with each other?
A) prototyping B) mind maps C) interface analysis D) use case analysis
_____ involves computer control of a manufacturing process, such as determining tool movements and cutting speeds
a. Computer-aided design/computer-aided engineering (CAD/CAE) systems b. Computer-aided manufacturing (CAM) systems c. Enterprise resource planning (ERP) systems d. Flexible manufacturing systems (FMSs)
Determine the regression sum of squares
A) 691.038 B) 1033.601 C) 461.812 D) 437.918