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The following data of causes of absenteeism for a fellow student for the year just completed were available.
Required:
1. Use the above information to construct a histogram.
2.Use the information from requirement (1) to prepare a Pareto diagram.
(Note: In constructing the above two items, you can use the information in column 1 to describe each of the identified causes. That is, you can use the reference numbers rather than the actual verbal descriptions presented in column 2.)
3. Within the context of managing and control quality, what is the primary purpose played by tools such as histograms and Pareto diagrams?
Cost of Production
The total expenses incurred in manufacturing a product or offering a service, including labor, materials, and overhead costs.
Transaction Cost
Expenses incurred when buying or selling goods and services, beyond the price of the goods themselves. These can include search and information costs, bargaining costs, and enforcement costs.
Operating Systems
Software that manages computer hardware and software resources, providing common services for computer programs.
Used-book Market
A marketplace for the buying and selling of previously owned books, offering an alternative for consumers seeking lower prices or out-of-print titles.
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