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TABLE 12-16
A filling machine at a local soft drinks company is calibrated to fill the cans at a mean amount of 12 fluid ounces and a standard deviation of 0.5 ounces. The company wants to test whether the standard deviation of the amount filled by the machine is 0.5 ounces. A random sample of 15 cans filled by the machine reveals a standard deviation of 0.67 ounces.
-Referring to Table 12-16, there is sufficient evidence to conclude that the standard deviation of the amount filled by the machine is not exactly 0.5 ounces when using a 5% level of significance.
ISCM
Integrated Supply Chain Management, the coordinated management of the entire supply chain from procurement to delivery for efficiency and competitiveness.
Order Management
The process of efficiently tracking and fulfilling sales orders, from initial order receipt through to delivery.
Internal Production
The process of manufacturing or producing goods within a company using its own facilities, resources, and personnel, as opposed to outsourcing.
Supply Chain Difference
The distinct characteristics, processes, or aspects that set one supply chain apart from another in terms of efficiency, effectiveness, and management.
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