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TABLE 9- 1
Microsoft Excel was used on a set of data involving the number of parasites found on 46 Monarch butterflies captured in Pismo Beach State Park. A biologist wants to know if the mean number of parasites per butterfly is over 20. She will make her decision using a test with a level of significance of 0.10. The following information was extracted from the Microsoft Excel output for the sample of 46 Monarch butterflies:
-Referring to Table 9-1, the parameter the biologist is interested in is
MRP
Material Requirements Planning, a system for planning production and inventory control, ensuring materials and products are available for production and delivery.
Time Period
Refers to a specific duration or interval in which certain events or processes take place.
Net Requirements
The actual amount of materials or resources needed for production, calculated after considering the on-hand inventory and pending orders, to meet the production schedule.
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