Scenario 2.4 a Company Is Considering Two Options for the Production of Production

question 75

Multiple Choice

Scenario 2.4
A company is considering two options for the production of a part needed downstream in the manufacturing process. Particulars are as follows:

-Use Scenario 2.4 to answer this burning question. For a monthly volume of 3,000 units, which automation approach should be chosen?

• A) specialized automation
• B) general automation
• C) Either approach is acceptable, because costs are the same for either option at 3,000 units.
• D) Can't be determined with information given.

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Definitions:

Normally Distributed

Refers to data that fall in a bell curve pattern centered around the mean, used to describe a distribution in statistics.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean of the set.

Mean

The arithmetic average of a set of numbers, representing the central location within that dataset.

Standard Normal

Refers to a normal distribution with a mean of zero and a standard deviation of one, serving as a basis for comparing other normal distributions.