Adventure Gear Ltd.manufactures a self inflatable mattress that is marketed as durable and light weight.Their target market is serious adventurers who demand high quality.Quality and time data for the last two years include the following:
Required:
a.For each year calculate the following (round percentages to three decimal places):
b.Analyze the quality data and provide that includes a description of the relationship between the quality metrics.
c.Describe the factors that could have caused the increase in manufacturing cycle time and customer response time.Analyse the time data.
Definitions:
Representativeness
A cognitive heuristic where people judge the probability of an event by how much it resembles their expectations of a typical example.
Control Group
A group in an experiment or study that does not receive the treatment and is used as a benchmark to measure the effects of the treatment.
False Negatives
Errors where a test result incorrectly indicates no presence of a condition when it is actually present.
Unprofitable Project
A project that generates a financial loss rather than profit for an organization, indicating that expenses exceed revenues.
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