RASM is defined as Revenue per Available Seat Mile and is a common metric to understand flight performanceacross different routes. Based on the chart below, what would you expect to see in March on a YoY basis?20181614121086420Jan-18Feb-18Mar-18Apr-18May-18a) Weaker performance YoYb) Stronger performance YoYc) Identical performance YoYd) There are no indicators of performanceJun-18RASMJul-18Aug-18Sep-18Oct-18Nov-18Dec-18Jan-19Feb-19

RASM stands for Revenue per Average Seat Mile. It is commonly used to understand performance of…

Answered: RASM is defined as Revenue per…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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the solutions for the right side of the chart are incorrect. and I submitted three more parts of the same question.
Use and interpret control charts.
3- Wellplace Insurance Company processes insurance policy applications in batches of 50. One day, they had 10 batches to process and, after inspection, it was found that four batches had nonconforming policies. One batch had 3 nonconformances, another had 5, another had 2, and another had 1 nonconformance. What were (a) the proportion nonconforming for each batch, (b) the nonconformances per unit (NPU), in total for the 10 batches, and (c) the total throughput yield (TY) for the 10 batches? 4- Boardwalk Electronics manufactures 300,000 circuit boards per month. A random sample of 3,000 boards is inspected every week for five characteristics. During a recent week, three defects were found for one characteristic, and two defects each were found for the other four characteristics. If these inspections produced defect counts that were representative of the population, what are the dpmo’s for the individual characteristics and what is the overall dpmo for the boards?
Type of Error a b с d e f g h i Supplied Data % age of Problems 5 1 13 15 3 12 10 35 6 Cost to Fix 62 8 12 34 81 27 4 44 53 Type of Error h d с f i a e b Error Frequency % age of Problems 35 15 13 12 10 6 5 3 1 Cumulative Frequency 35 50 63 75 85 91 96 99 100 As a manager you have been given data, in the way of two charts above. The data shows that during a process, errors have occurred over a period of time. Analyse the information in the two tables above, and create a third table showing total cost. (Utilise previous hand-out on Pareto Analysis). And finally produce corresponding charts, which show the Pareto analysis by frequency of error and Pareto analysis by cost. Both will need to visually indicate the cumulative frequency
10:27 Bb M QUESTION 2 Consider a one-item survey as follows: Using a scale of 1 – 5 in which 1 = Not as well as I hoped, 2 = Pretty well, 3 = Well, 4 = Very well, and 5 = Crushing it, please indicate how well you are doing so far in your MBA 503 course. 1[] 2[] What type of data does this survey generate? Choose all that apply. 3[] 4[] 5[ ] O Continuous O Ratio Time series O Exponential O Binomial O Interval O Biased O Intersection Union O Hypergeometric O Ordinal O None of the above QUESTION 3 If you have a data set of n items, the data are continuous variables, the data set is unimodal, and the data set is too skewed to use the normal distribution, which probability distribution should you use to calculate probabilities? O Discrete uniform distribution Binomial distribution O Poisson distribution Hypergeometric distribution O Geometric distribution O Uniform continuous distribution O Standard normal distribution O Exponential distribution O Triangular distribution O None of the above…
Problem 13-4 (Algo) There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the defects can be detected and eliminated. The inspector would cost $11 per hour and could inspect units in the process at the current production rate of 52 per hour. If no inspector is hired and defects are allowed to pass this point, there is a cost of $12 per defective unit to correct the defects later on. Assume that the line will operate at the same rate (i.e., the current production rate) regardless of whether the inspector is hired or not. a. If an inspector is hired, what will be the inspection cost per unit? (Round your answer to 3 decimal places.) Cost per unit b. If an inspector is not hired, what will be the defective cost per unit? (Round your answer to 3 decimal places.) Cost per unit
00 R D Question 32 The control of projects involves close monitoring of which of the following? O quality O budgets costs resources O All of the answer choices are correct. Previous Not saved MacBook Air 08 2$ DD F7 3. % F8 Y
14. Customer satisfaction is th eresult of the right combination of: a. Quality, time and product warranty b. Cost, quality and time
Question 6 Which of the following would be considered to have the greatest "lag"? Group of answer choices 5-day Simple Moving Average 10-day Simple Moving Average 50-day Simple Moving Average 25-day Simple Moving Average
What is Flow process charts ?
Case Analysis and Questions Keaty Realty Jim Keaty, the owner of Keaty Real Estate in LaFayette, Louisiana, is always looking for better ways to sell property. Keaty says the biggest challenge he and his agents have is converting leads (people they contact)—that is, getting them to say “yes” to either buy or sell real estate with the company. More leads aren’t necessarily better. Quality leads are. In other words, you want to find the “hot” leads—people who are definitely thinking about selling their homes, not just kind of thinking about it. Trying to find the five or six deals that are going to close in a month out of 1,000 not-so-good leads is much harder than trying to find five or six deals that will close out of 100 good leads, says Keaty. This is definitely true when you’re trying to find people who are willing to sell their property. Sure, you can make a lot of phone calls to people you know or are acquainted with. You can contact local homebuilders, who will usually pay…
Case Part B: Patient Satisfaction Thirty patients who check out of the Metropolitan General Hospital each week are asked to complete a questionnaire about hospital service. Since patients do not feel well when they are in the hospital, they typically are very critical of the service. Management recorded the number of patients who indicated dissatisfaction of any kind with the service for each 30-patient sample for a 16-week period (see Excel file, Hospital Case Part B spreadsheet). Perform a data analysis for the Hospital. Prepare a report that summarizes your findings and recommendations. Include the following: Questions for Part B: 1. What type of control chart would you use to monitor customer satisfaction at the hospital? 2. Construct the appropriate three-sigma control chart. 3. What comments can you make about the results of the questionnaire? Does the current process appear to be in control? Explain.

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