The Average Weight of the Entire Batch of the Boxes

question 53

Multiple Choice

The average weight of the entire batch of the boxes of cereal filled today was 20.15 ounces. A random sample of four boxes was selected with the following weights: 20.05, 20.56, 20.72, and 20.43. The sampling error for this sample is ____________ .

• A)0.29
• B)0.11
• C)0.00
• D)- 0.16

Understand the principles of Just-In-Time (JIT) and how it applies to services.

Distinguish between lean operations and the Toyota Production System (TPS).

Calculate the optimal kanban size and number of kanbans for various scenarios.

Analyze the impact of setup cost and time on production planning.

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Definitions:

Name Manager

A tool in spreadsheet software used to create, edit, and delete named ranges, making it easier to identify and manage specific data cells or groups.

Defined Name

A descriptive name assigned to a cell, range of cells, formula, or constant value in spreadsheets for easier reference and management.

Apply

To put into action or use a particular method, process, or rule, often in order to achieve a specific result or effect.

MID Function

A programming function that extracts a substring from a given string, starting at a specified position and continuing for a given number of characters.