Rough-Cut Capacity Planning Projects Job Orders and Demands for Materials

question 34

True/False

Rough-cut capacity planning projects job orders and demands for materials into requirements for equipment,work force,and facility to find total capacity of each over the planning horizon.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability within a data set, indicating how spread out the numbers are from the mean.

Statistically Significant

This term implies that the likelihood of the results happening by random chance is very low, underlining the importance of the findings.

Mean

In statistics, the arithmetic average of a set of numbers, calculated by adding all the values together and then dividing by the number of values.

P Value

A statistical measure that indicates the probability of the observed data occurring under the null hypothesis, used in hypothesis testing to determine significance.