Answer:
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Answer:
A. True
Explanation:
Option A is correct because PIRs (planned independent requirements) are calculated based on actual and forecasted sales.
In PIR, the independent requirement for final goods is calculated by the sales and the activities /operation for material planning process.
Answer:
Control limits for x_bar are between 59.076 and 60.924
Control limits for R are between 0.669 and 5.331
Explanation:
Given data:
x_bar = 60 mph
n = 10
R = 3 mph
Step 1: Factors (see table attached)
At n = 10, factors for computing control charts limits are,
A2 = Mean factor = 0.308
D3 = Lower range = 0.223
D4 = Upper range = 1.777
Step 2: Control limits for x_bar
Lower Control limit:
LCL = x_bar - A2*R = 60 - (0.308)(3) = 60 - 0.924 = 59.076
Upper Control limit:
UCL = x-bar + A2*R = 60 + (0.308)(3) = 60 + 0.924 = 60.924
The control limits for x_bar are between 59.076 and 60.924
Step 3: Control limits for R
Lower Control limit:
LCL = D3*R = 0.223(3) = 0.669
Upper Control limit:
UCL = D4*R = 1.777(3) = 5.331
The control limits for R are between 0.669 and 5.331
Hope this helps!
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The CPI for this year is calculated by dividing <u>the value of all goods and services produced in the economy this year </u>using <u>this year's prices</u> by the<u> value of all goods and services produced in the economy this year</u> using <u>the base year's prices</u> and multiplying by 100. However, the GDP deflator reflects only the prices of all goods and services bought by the consumers.
<u>Explanation:</u>
GDP is the gross domestic product of a country which specifies the level of growth of the country. The value of the goods and the services of the country produced by the people of the country are all reflected in the gross domestic product of the country.
Greater the rate of GDP is of a particular country, higher would be the growth of the country. It is also used as a measure of comparison of the growth rate of the country.
Answer:
Explanation:
The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.
The multiplier effect refers to the increase in final income arising from any new injections.
Calculating the Multiplier Effect for a simple economy
k = 1/MPS
A = 1/0.1 =10
B= 1/.5=2
