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Consider a workstation that can process 2 units per minute. It takes 6 minutes to receive an order from the previous station. The container size is 12 units. The factory sets safety stock at 20 percent of demand during lead time. How many kanbans are needed for the workstation?
Sample Mean
The average of a set of numerical values taken from a larger population, used as an estimate of the population mean.
Critical Value
A threshold value in hypothesis testing used to determine whether to reject the null hypothesis, based on the observed statistic and the chosen significance level.
Null Hypothesis
A hypothesis that there is no significant difference or effect and serves as a default position until evidence suggests otherwise.
P-Value
The probability of observing results as extreme as those obtained during a statistical hypothesis test, assuming the null hypothesis is true.
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