Which of the Following Experiments Would Be Best for Testing

question 1

Multiple Choice

Which of the following experiments would be best for testing the hypothesis that the enzymes did not perform as expected because the temperature was too high?

• A) Produce one batch of blue jeans with twice as much enzyme as another batch of blue jeans while keeping the temperature the same, and then compare how the lightness of the blue jeans varies between batches.
• B) Produce multiple batches of blue jeans at several different temperatures but with the same enzyme concentration and then compare how the lightness of the blue jeans varies between batches.
• C) Produce multiple batches of blue jeans at several different temperatures and with different enzyme concentrations and then compare how the lightness of the blue jeans varies between batches.
• D) Produce one batch of blue jeans at a high temperature without the enzyme and another batch of blue jeans at a low temperature with the enzyme and then compare how the lightness of the blue jeans varies between batches.

Know how to use tools such as the Correlation Matrix, Bootstrap tool, and Tornado Charts in Crystal Ball for enhanced analysis.

Understand the implications and methodology of Monte Carlo and Latin Hypercube sampling techniques.

Grasp the procedures for fitting distributions and making forecasts with Crystal Ball.

Comprehend the role and use of Decision Tables and Scenario Analysis tools in risk management.

---

Definitions:

Perpetual Inventory System

An inventory management system where updates to inventory records are made immediately following each transaction, giving a continuous, real-time account of stock levels.

Average Cost Method

An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.

Periodic System

A method of inventory tracking where updates are made on a periodic basis rather than continuously, typically at the end of an accounting period.

Cost of Goods Sold

Direct expenses involved in producing the goods that a company sells, including costs of materials and labor.