Assume That Production Required in Periods 1, 2 and 3

question 51

Multiple Choice

Assume that production required in periods 1, 2 and 3 respectively are 1,200, 1,500, and 900 units. One worker during the planning horizon can produce two units in one day. Number of workdays are 22 in period 1, −17 in period 2, and 21 in period 3. Assume that the beginning inventory and the ending inventory required are 300 units each. What is the number of workers required during the planning horizon of three periods?

• A) 60
• B) 600
• C) 35
• D) 30
• E) 300

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Definitions:

Population Standard Deviation

A measure of the dispersion of all values in the entire population from the mean of the population.

Confidence Interval

A range of values that is believed to contain an unknown population parameter, calculated from a given set of sample data.

Sample Variance

A statistical measure of the dispersion of observations in a sample dataset around the sample mean.

T Distribution

A family of probability distributions that can be used to develop an interval estimate of a population mean whenever the population standard deviation s is unknown and is estimated by the sample standard deviation s.