________ Refers to the Average Amount of Time That an Order

question 188

Multiple Choice

________ refers to the average amount of time that an order will be in line before it is set up and processed.

• A)Average manufacturing cycle time
• B)Average customer response time
• C)Average waiting time
• D)Average on-time performance
• E)Average setup time (per cycle)

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Definitions:

Percentile

A value below which a given percentage of observations in a group of observations falls, used to understand and interpret data distributions.

Normal Curve

The normal curve, or the bell curve, represents the graphical depiction of a normal distribution with a symmetric shape where most outcomes cluster around the mean.

Standard Deviation

A measurement indicating the range of separation or variance among a set of data.

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers and dividing by the count.