Exhibit 7-1 The Following Data Was Collected from a Simple Random Sample

question 26

Multiple Choice

Exhibit 7-1
The following data was collected from a simple random sample from a process (an infinite population) .
-Refer to Exhibit 7-1. The mean of the population

• A)is 14
• B)is 15
• C)is 15.1581
• D)could be any value

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Definitions:

Push Manufacturing

The traditional approach to manufacturing in which products are manufactured according to a production schedule based on estimated sales; the schedule pushes product into inventory before customer orders are received.

Make to Order

A production strategy where manufacturing starts only after a customer places an order, tailoring products to specific customer requirements.

Lean Environment

A systematic method for waste minimization within a manufacturing system without sacrificing productivity, focusing on adding value and reducing non-value activities.

Raw Materials

Basic materials used in the production process, not yet transformed into final products.