Value-Stream Mapping

question 110

Multiple Choice

Value-stream mapping:

• A)is a variation of time-function mapping.
• B)examines the supply chain to determine where value is added.
• C)extends time function mapping back to the supplier.
• D)starts with the customer and works backwards.
• E)All of the above are true.

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Definitions:

Test Statistic

A calculated value from sample data used to decide whether to reject the null hypothesis in hypothesis testing.

Degrees of Freedom

The quantity of distinct values or numbers that can be allocated to a statistical distribution.

Test Statistic

A calculated value from sample data used in hypothesis testing to determine whether to reject the null hypothesis.

Null Hypothesis

A statement that asserts no effect or no difference in the context of a statistical test, serving as the default assumption to be tested.