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When a Multi-Product Factory Operates at Full Capacity, Decisions Must

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When a multi-product factory operates at full capacity, decisions must be made about which products to emphasize. In making such decisions, products should be ranked based on:


Definitions:

Frequencies

The rate at which a repeated event occurs, often used in the context of how often different values appear in a dataset.

Stacked Bar Chart

A graphical representation of data where bars divided into sub-parts represent the whole and its segments.

Relative Frequency

The proportion of times a value occurs in relation to the total number of outcomes, often expressed as a percentage.

Categorical Variables

Variables that represent types or categories, where the data can be divided into groups with no inherent numerical ordering.

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