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Cracks in Bar
The following data represent the number of small cracks per bar for a sample of eight steel bars: 4, 6, 10, 1, 3, 1, 25, and 8.
-Refer to Cracks in Bar statement. Which, if any, of the observations appear to be outliers? Justify your answer.
Unused Capacity
The portion of a company’s resources or capabilities that are not currently utilized or producing income.
Capacity
The maximum output that a company can produce under normal conditions over a certain period.
Predetermined Overhead Rate
A rate calculated at the beginning of a period, used to allocate overhead costs to products based on a particular activity base.
Machine-Hours
A metric assessing the amount of produced goods or operations based on machines' operation duration.
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