SCENARIO 14-20-B
You Are the CEO of a Dairy Company $\left( X _ { 1 } \right)$

question 164

Essay

SCENARIO 14-20-B
You are the CEO of a dairy company. You are planning to expand milk production by purchasing
additional cows, lands and hiring more workers. From the existing 50 farms owned by the company,
you have collected data on total milk production (in liters), the number of milking cows, land size (in
acres) and the number of laborers. The data are shown below and also available in the Excel file
Scenario14-20-DataB.XLSX.
MILK 84686 101876 103248 70508 76072 86615 87508 105195 120351 68658
You believe that the number of milking cows $\left( X _ { 1 } \right)$ , land size $\left( X _ { 2 } \right)$ and the number of laborers $\left( X _ { 3 } \right)$ are the best predictors for total milk production on any given farm.
-Referring to Scenario 14-20-B, construct the normal probability plot for the regression
residuals.

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Definitions:

Availability

The extent to which a product or service is obtainable and ready for use by customers.

Cost of Labor

The total amount spent by businesses on employee wages, benefits, and payroll taxes.

Supply Chain Operation

The execution and management of activities involved in sourcing, procurement, conversion, and logistics management to produce and deliver goods or services.

Logistics Facility Location

The strategic decision-making process regarding the placement of logistical facilities, such as warehouses and distribution centers, to optimize supply chain efficiency.