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For a particular process the mean value of the output is known to vary throughout the day. As this is a bottleneck machine that will effectively shutdown the plant when not operating and as resetting the machine would require several hours, management has decided to allow this machine variation to continue. Fortunately, the variation in the output is predictable as it begins at one value and increase, approximately uniformly, throughout the day. Also, the standard deviation for this machine is constant over the day so management is able to predict the output. At the present time, the average mean is 1.610, the standard deviation, is 0.020 and the variation over the 8 hour work day is 0.040. The lower specification for this product is 1.535 and the upper specification is 1.655. The daily production is 1200 units.

To estimate the output, the day is divided into 8 hours and the output from that hour is calculated assuming all of the output is produced on the half hour. For example, the output from 8 AM until 9 AM is calculating using the estimated value of the mean at 8:30. Some fraction of this output will be below the lower specification limit and some fraction will be above the upper specification limit. As the day goes on, the amount below the lower limit will decrease and the amount above will increase. Estimate the number of items produced that are outside the specification for one day. Assume the calculations are performed at each half hour during the day.

 
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Check My Work The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 10) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event: Rental cost for the auditorium $150 Registration processing $8.50 per person Speaker costs 3@$800 = $2,400 Continental breakfast $4.00 per person Lunch $7.00 per person Parking $5.00 per person (a) Build a spreadsheet model that calculates a profit or loss for 100 nonmember registrants. If required, round your answer to two decimal places. $ 2500.00 (b) Use Goal Seek to find the number of nonmember registrants that will make the event break even. Do not round your intermediate calculations. If required, round your answer to the nearest whole number.
 
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1. The adoption of new information systems and technologies during Covid-19 has become a reality to majority of Businesses. Alpha and Omega Inc has also caught onto the trend and implemented a new system called ‘System X’. It intends on assisting workers who are still working from home and, input mechanisms in the event of the much talked about ‘third wave’. These new systems are intended to streamline activity and ensure a more digital process. You have been tasked to find out how the staff of Alpha and Omega Inc. feel about ‘System X’ being implemented. There are 250 employees within the company, and only 230 of them are affected by the implementation of ‘System X’: including sales representatives; consultants; administrators; management. Assume that the employees are satisfied with the improvements of ‘System X’. Design a research proposal using the following topic and headings as a template:

Topic: Evaluating employee satisfaction with regards to the implementation of ‘System X’ at Alpha and Omega Inc

1. Introduction (6) (Provide some background to the proposed study)

2. Aim of the Research (2) (Focus on the desired outcome of the proposed study, include the variables your study will focus on)

3. Research Objectives (minimum of 3) (6)

 
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Describe a time when you worked on a project – either at work or at school where:

1. Goals were defined.

2. The leader removed obstacles and provided resources.

3. A project plan existed and good communication occurred. What was the outcome? What was your role? How did the items above help results or remove conflicts? Now, describe a situation where the steps above were not in place. What do you recall were the issues?

B. See page 120. Pick the category you believe you best fall into as a leader. Why? Is that the category you aspire to be? Why? C. You are placed in charge of a project that spans 3 departments or 3 separate groups. Identify in list order the 10 steps you’d take or plan for to accomplish the goal of the project. What role would accountability play in those steps? Communications? Measurement? Reward?Hint: Remember to use ideas learned in the chapter.

 
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