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3 years ago

Which of the following is a method best used for total quality management? (1 point)

1 answer:

3 0

MEASURING THE PRODUCTIVITY OF A WORKFORCE is a method that is best used for total quality management.
Total quality management refers to all the activities that are involved in getting high quality products and services to the market for consumers to buy. Total quality management is a combination of quality and management tools which are geared at improving business and reducing losses as a result of wasteful practices.

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Automobile repair costs continue to rise with the average cost now at $367 per repair.† Assume that the cost for an automobile r

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Answer:

a) 0.1728

b) 0.09183

c) 0.7354

d) $ 222.25

Explanation:

Given

mean = $\mu$ = $367

Standard deviation = $\sigma$ =$88

Cost of automobile repair is normally distributed.

a) We have to find P( x > 450 )

P( x > 450 ) = 1 - P( x <= 450 )

Using excel function, P( x <= x ) = NORMDIST (x, $\mu$ , $\sigma$ , 1 )

P( x > 450 ) = 1 - NORMDIST( 450 , 367, 88, 1 )

= 1 - 0.8272 = 0.1728

P( x > 450 ) = 0.1728

b) P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( x < 250 ) = 0.09183

c) P( 250 < x < 450 ) = P( x <450 ) - P( x < 250 )

P( x <450 ) = NORMDIST( 450 , 367, 88, 1 ) = 0.8272

P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( 250 < x < 450 ) = 0.8272 - 0.09183 = 0.7354

P( 250 < x < 450 ) = 0.7354

d) We have P( X < a ) = 0.05

We have to find a.

Using Excel, = NORMINV ( Probability, $\mu$ , $\sigma$ )

a = NORMINV ( 0.05 , 367, 88 ) = 222.2529

Cost = $ 222.25

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3 years ago

Evaluates the difference between leadership and board governance in establishing strategic planning for a health care organizati

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Learn more about board governance at

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2 years ago

Assume that Abby, Ben, Clara, Joe, and Matt are the only citizens in a community. A proposed public good has a total cost of $1,

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3 years ago

Zapper has beginning equity of $293,000, net income of $69,000, dividends of $58,000 and stockholder investments of $24,000. Its

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Answer:

$328,000

Explanation:

As we all know that:

Ending Equity = Opening Equity + Share Issues + Net Income – Net Loss – Dividends Paid

Here,

Opening Equity is $293,000

Money raised through Shares Issuance was $24,000

Net Income would be $69,000

Dividends paid were $58,000

There were no losses as their is Profit for the year (Net Income).

By putting values, we have:

Ending Equity = $293,000 + $24,000 + $69,000 - $58,000

= $328,000

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3 years ago