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3 years ago

What is the main goal of a six sigma implementation?

Business

1 answer:

ki77a [65]3 years ago

5 0

Overall improvement of quality.

The goal is to Increase profits by eliminating existing product variability, defects and waste that are undermining customer loyalty.

I found a diagram on google that’s colorful and looks helpful if you’d like to doodle it in your notes ☺️

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what are the possible issues of market demand and supply risks that encourage the supply chain partners to carry inventory?

Iteru [2.4K]

Answer:

The main issue involved is the increase in price

Explanation:

In simple words, the main issue involved relating to carrying the inventory is that the price of the inventory or some core raw material might increase which will disrupt the profitability in a brief term.

This issue is very crucial for firms involved in industries which are competitive in nature and the increase in price cannot be directed towards the customers easily.

3 0

3 years ago

A car dealer who sells only late-model luxury cars recently hired a new salesman and believes that this salesman is selling at l

Natasha2012 [34]

Answer:

$t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3$

Explanation:

Data given and notation

$\bar X=5000$ represent the sample mean

$s=800$ represent the standard deviation for the sample

$n=16$ sample size

$\mu_o =5600$ represent the value that we want to test

$\alpha$ represent the significance level for the hypothesis test.

t would represent the statistic (variable of interest)

$p_v$ represent the p value for the test (variable of interest)

State the null and alternative hypotheses.

We need to conduct a hypothesis in order to determine if the mean is lower than 5600, the system of hypothesis would be:

Null hypothesis: $\mu \geq 5600$

Alternative hypothesis: $\mu < 5600$

We don't know the population deviation, so for this case is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:

$t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}$ (1)

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".

Calculate the statistic

We can replace in formula (1) the info given like this:

$t=\frac{5000-5600}{\frac{800}{\sqrt{16}}}=-3$

4 0

3 years ago

Glueck Corp. reports sales revenue of $200,000. During the year, the company's accounts receivable balance decreased by $14,000.

Hoochie [10]

<u>Answer</u>:

<u>Increase allowance and Sales revenue of $200,000</u>

<u>Explanation:</u>

Since the focus is on journal entry for cash collected from customers, therefore it should include the increase in the debt expense allowance and the $200,000 sales revenue.

8 0

3 years ago

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.2 pound

Maru [420]

Answer: $18,224 unfavourable

Explanation:

The materials quantity variance for the month will be calculated thus:

= Standard Cost per unit × ( Actual materials Used - Actual output)

= 13.4 × [( 4,300 - 700) × 4.2]

= $18,224 unfavourable

Therefore, the materials quantity variance for the month is $18,224 unfavourable

8 0

3 years ago

During production, the crew most closely associated with the camera consists of ________. a. the director and the production man

den301095 [7]

During production, the crew most closely associated with the camera consists of the director and the production manager.

<h3>What are production crew members?</h3>

Production crew members are in charge of setting up, dismantling, maintaining, and removing stage music and theater production equipment.

They are hired by production companies, event venues, theater groups, and touring bands.

Thus, option A is correct.

For more details about production crew members, click here:

brainly.com/question/17399747

#SPJ1

7 0

2 years ago