Suppose a manager must construct either a mean chart with known variation or a p-chart to monitor some process. When the process is in control, the manager wants only 12.6% of the samples taken to fall outside these limits. What z-value should be used when calculating the limits for this chart?

Q: Explain Gap Analysis?

A: Gap analysis is the kind of methodology which can be used to assess the performance of the client…

Q: what is a deparment manager? Is a departmnet manger a good job to have? What are the benefits of…

A: A manager is a person who oversees the distribution of resources or the coordination of personnel…

Q: Describe someof the obstacles to leansuccess.

A: Lean management is described as organizational management that promotes the concept of improving…

Q: Give some possible 3 topics in SDG 12- responsible consumption and production that are applicable to…

A: SDG stands for Sustainable Development Goals. They are a collection of 17 interlinked global goals…

Q: Which of the following customers have never placed an order? Check all that apply. a) Richter…

A: The objective of the question is to identify which customers have never placed an order. This can be…

Q: What is the difference documentary collection and documentary credit (letter of credit

A: Trade is a simple economic concept for the purchase and selling of goods and services, the…

Q: c. What lessons do you believe can be learned from Baring Bank'scollapse?

A: Nick lesson is better known as the Rogue trader. Who was made famous for causing the fall of Barings…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.