formula: (average demand forecast + standard deviation*k) which essentially aims to reduce overproduction. The average demand forecast is the simple average of the 6 individual member estimates and the standard deviation used is twice of the standard deviation based on 6 individual members past experience. The k value is a variable that will be adjusted for all styles in order to establish the minimum order requirement of 10,000 and basically denotes the no. of standard deviations to the left of demand
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On this experiential exercise, I scored at the high end of the numerical range for 68% of the population (well within one to one and one half standard deviations above the mean). I scored 86 on the self and communication competencies, which means I see myself as above average on these competencies and very good on many of the components that make them up. I scored between 90 and 97 on the remaining competencies, meaning that I see myself as outstanding in these areas. I have taken similar assessments
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* **X^T means not on the exam!!** * System components: * These are NOT CONSTANT! They VARY. Time Space Measurement * Data are the facts and figures collected, summarized, analyzed, and interpreted * The data collected in a particular study are referred to as the data set * The elements are the entities on which data are collected * A variable is a characteristic of interest for the elements * The set of measurements collected for a particular element is called an
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Luxury fashion is about gaining acceptance; what you wear and how you wear it is a projection of who you are as a person and how you want to be seen. The garments that fill your wardrobe are therefore heavily influenced by your social circle. Getting a professional office worker in Shanghai to sport a mandarin collar instead of necktie is no easy task – no matter how premium the product on offer. The mandarin collar is low, unfolded and can be buttoned to fit snugly around the neck, conjuring
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1. The researchers analyzed the data they collected as though it were at what level of measurement? Ordinal 2. What was the mean posttest empowerment score for the control group? 97.12 3. Compare the mean baseline and posttest depression scores of the experimental group. Was this an expected finding? Provide a rationale for your answer. The baseline 14.00 and posttest 13.36. Yes. It shows that there were little to no change in depression. 4. Compare the mean baseline and posttest
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describe the length of labor in this study? Where these appropriate? The mean and standard deviation were used to describe the length of labor of for both group the control and experimental group. I agree these were appropriate measures of statistics. 3. What other statistics could have been used to describe the length of labor? Provide rationale for your answer. In my opinion in addition to the mean and standard deviation, the mode could be used in this study to also describe the length of labor
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Sampling and Data Collection Plan QNT 561 August 3, 2014 Kevin Masick Sampling and Data Collection Plan. Customer service is an important part of any business and can mean the success or failure of a business. It is important to know that a business cannot make everyone happy but can do everything in their ability to make improvement in areas where customer service is lacking. Express Card (EC) customer service call center has declined in customer satisfaction in the last
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Week 1 homework chapter 1 1. we have: Cf= 55000, cv= 8, p= 21; v= 10 000 a. Total cost TC = cf + v*cv TC= 55000+ 10000*8 TC= $135000 Total revenue TR= v*p TR= 10000*21 TR=$ 21000 Profit Profit= TR-TC Profit= TR-TC P= 21000-135000 P= $ -114 000 b.Break even volume, V= cf/ (p- cv) V= 55000/ (21- 8) V= 4230.77 recap tires, 2. monthly break even volume V= cf/ (p- cv)
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2015) to get the average of weekly return. rw=1mnί=1mnrᵢ (where mn is 521) Third, multiply the average of weekly return with 52 weeks to get the yearly average. ry=mrw (where m is 52) b) The standard deviation of estimate in (a): To find the error in the mean estimate, we need to calculate its standard deviation first. S²w=1(mn-1)i=1mn(rᵢ-r)² S²y=mS²w (where mn is 521, m is 52) Therefore, Sy= S²y Next, we can find the error by using the formula stated below: σᵣ=Syn Assume that n=52152is
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1.1 Introduction An organization success depends not merely on its technical efficiency, updated machinery, good plant layout and dynamic organization etc; but also depends upon its human recourses. A satisfied, happy and hardworking employee is the biggest asset of any organization, including banks. Workforce of any bank is responsible to a large extent for its productivity and profitability. So, for the success of banking, it is very important to manage human resource effectively and to find whether
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