An Operations Manager Organizes a Process Improvement Team and the Resulting

question 84

Multiple Choice

An operations manager organizes a process improvement team and the resulting process has a lower mean (µ) .Which statement is the BEST description of this change?

• A)Arrival rate has fallen.
• B)There are fewer phases in the new system.
• C)Interarrival time has fallen.
• D)Server efficiency has improved.

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Definitions:

Simple Interest

Interest calculated only on the principal amount, not on previous interest earned.

Discounted

Refers to the reduction of an item's price or the present value calculations of future cash flows using a discount rate.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Promissory Note

A financial instrument involving a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.