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TABLE 4-4
Suppose that patrons of a restaurant were asked whether they preferred water or whether they preferred soda. 70% said that they preferred water. 60% of the patrons were male. 80% of the males preferred water.
-Referring to Table 4-4, the two events "preferring water" and "preferring soda" are independent.
Assembly Line Workstation
refers to a specific work area within an assembly line designed for the completion of a particular task or the assembly of a particular part of a product.
Product-oriented Layout
A facility layout design where resources and equipment are arranged according to the sequence of operations required to produce a specific product efficiently.
Equipment Utilization
the extent to which machinery and equipment are employed in production, usually measured as a percentage of available time used.
Stability of Demand
The extent to which demand for a product or service is consistent and predictable over time.
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