Data for a Factory -
__________________ Is a Technique for Guiding Product Design Through

question 24

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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__________________ is a technique for guiding product design through the analysis of the ratio of functionality to cost.

• A)Vertical integration
• B)Value engineering/value analysis
• C)Throughput accounting
• D)Throughput accounting ratio

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Definitions:

Number

An object in mathematics employed for counting, measuring, and labeling purposes.

Chi-Squared Distribution

A statistical distribution used in hypothesis testing that is derived from the sum of the squares of independent standard normal random variables.

Positively Skewed

Refers to a distribution of data where the tail on the right side of the distribution is longer or fatter than the left side, indicating that the majority of the data points are concentrated on the left.

Degrees of Freedom

The number of independent pieces of information available to estimate another piece of information or the parameter in a model.