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Suppose your manager presents you with the following information about machines that could beused for a job, and wants your recommendation on which one to choose. The specification width is.48 mm. In this instance, you can narrow the set of choices, but you probably wouldn’t make a recommendation without an additional piece of information. Explain the logic of the last statement.Machine Cost per Unit ($) Standard Deviation (mm)A 20 .059B 12 .060C 11 .063D 10 .061

Suppose your manager presents you with the following information about machines that could beused for a job, and wants your recommendation on which one to choose. The specification width is.48 mm. In this instance, you can narrow the set of choices, but you probably wouldn’t make a recommendation without an additional piece of information. Explain the logic of the last statement.Machine Cost per Unit ($) Standard Deviation (mm)A 20 .059B 12 .060C 11 .063D 10 .061

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Suppose your manager presents you with the following information about machines that could be
used for a job, and wants your recommendation on which one to choose. The specification width is
.48 mm. In this instance, you can narrow the set of choices, but you probably wouldn’t make a recommendation without an additional piece of information. Explain the logic of the last statement.
Machine Cost per Unit ($) Standard Deviation (mm)
A 20 .059
B 12 .060
C 11 .063
D 10 .061

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