To draw inferences about a sample population being studied by modeling patterns of data in a way that accounts for randomness and uncertainty in the observations is known as __________.
Correct Answer:
B
According to a manager it takes an average weekday commute of 39 minutes with a Standard Deviation of 7 minutes for the employees to get to work when they use their personal vehicles for their office commute while management set a policy of not more than 40 minutes for their daily one-way commute. A survey conducted one day on 70 employees showed an average of 34 minutes commuting time using the metro public transportation system with a Standard Deviation of 21 minutes. For the employees choosing to increase their chances to come on time using personal transportation their variation should be reduced to __________?
Correct Answer:
C
What is the Cycle Time, in seconds, for a process having a Throughput of 7,200 units per hour?
Correct Answer:
A
Which statement(s) are correct for the Regression Analysis shown here? (Note: There are 2 correct answers).
Correct Answer:
AD
The following Business Case is constructed properly.
“In business unit A there are too many flashlight returns and flashlight sales have decreased by 25 percent.”
Correct Answer:
B