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Answer:
Bike Frame Flow Time
The value-added percentage of the flow time for this bike frame is:
= 46.
Explanation:
a) Data and Calculations:
Bike Frame Flow Time:
Setup time = 7 hours
Processing time = 6 hours
Storage time = 7 hours
Flow time of the bike frame = 13 hours (7 + 6)
Value-added percentage of the flow time for this bike frame = 6/13 * 100
= 46%
b) Flow time represents the amount of time a bicycle frame spends in the manufacturing process from setup to end. It is called the total processing time. Unless there is one path through the process, the flow time equals the length of the longest process path. The storage time is not included in the flow time since it is not a manufacturing process.
Answer:
The correct Answer is 0.0571
Explanation:
53% of U.S. households have a PCs.
So, P(Having personal computer) = p = 0.53
Sample size(n) = 250
np(1-p) = 250 * 0.53 * (1 - 0.53) = 62.275 > 10
So, we can just estimate binomial distribution to normal distribution
Mean of proportion(p) = 0.53
Standard error of proportion(SE) = 
= 
= 0.0316
For x = 120, sample proportion(p) = 
= 
= 0.48
So, likelihood that fewer than 120 have a PC
= P(x < 120)
= P( p^ < 0.48 )
= P(z < 
) (z=
)
= P(z < -1.58)
= 0.0571 ( From normal table )
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