Figure 15-2 the Following Information Relates to Cranmore Manufacturing: to Produce a Produce

question 127

Short Answer

Figure 15-2
The following information relates to Cranmore Manufacturing: To produce a unit of product:
Cutting department 5 minutes per unit
Welding department 8 minutes per unit
Polishing department 3 minutes per unit
Finishing department 4 minutes per unit
There is a wait time of 5 minutes before the cutting department begins a batch, 15 minutes between the cutting and welding departments, a move and pre-wait between welding and polishing of 12 minutes, and a move and pre-wait between the polishing and finishing departments of 8 minutes.
-Refer to Figure 15-2. What is the cycle time of operation?
a. 60 minutes
b. 20 minutes
c. 35 minutes
d. 16 minutes

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Definitions:

Paired Samples

Two related samples that are typically used in experiments where the members are matched or related in some way, often in before-and-after measurements.

Confidence Interval

A span of quantities, obtained from evaluating sample statistics, envisaged to enfold the value of an unascertained population characteristic.

Margin of Error

The range of values below and above a sample statistic in a survey that estimates the reliability or precision of the sample statistic as an approximation of the population parameter.

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for future observations.