Description of this paper

Two Stats problems

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solution


Question

1. A manager has just received an evaluation from an analyst on two potential forecasting alternatives. The analyst is indifferent between the two alternatives, saying that they should be equally effective.;Period: 1 2 3 4 5 6 7 8 9 10;Data: 40 39 37 41 45 49 47 49 50 54;Alt. 1: 39 38 35 42 46 46 46 48 51 59;Alt. 2: 39 37 33 38 42 52 47 48 51 52;Calculate the following: (Round your answers to 2 decimal places.);MAD1;MAD2;MSE1;MSE2;2. A job was timed for 60 cycles and had an average of 1.1 minutes per piece. The performance rating was 97 percent, and workday allowances are 12 percent. Determine each of the following;a. Observed time. (Round your answer to 1 decimal place.);Observed time minutes;b. Normal time. (Round your answer to 2 decimal places.);Normal time minutes;c. Standard time. (Round your answer to 2 decimal places.);Standard time minutes

 

Paper#35363 | Written in 18-Jul-2015

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