Answer:
1. The company's manufacturing cycle time is 17.4 days.
2. The company's manufacturing cycle efficiency is 0.40
Explanation:
1. Manufacturing cycle time
= Process time + inspection time + move time + wait time
= 7 + 0.6 + 4.8 + 5
= 17.4 days
Therefore, The company's manufacturing cycle time is 17.4 days.
2. manufacturing cycle efficiency
= process time/manufacturing cycle time
= 7/17.4
= 0.40
Therefore, The company's manufacturing cycle efficiency is 0.40
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Answer:
1. What is the probability that they will lose both contracts?
probability of losing both contracts = (1 - 40%) x (1 - 65%) = 21%
2. What is the probability that they win only one contract?
probability of winning 1 contract = 1 probability of winning both contracts - probability of not winning any contract = 1 - 21% - 26% = 53%
3. What is the probability that they win both contracts?
the probability of winning both contracts = probability of winning first contract x probability of winning second contract = 40% x 65% = 26%
