Lean Six Sigma - Tools and Techniques Method | Description | Benefits | Tools | Balanced Scorecard | Balanced Scorecard is a management system — not a measurement system. It has 4 parameters (legs). a. Customer Scorecard b. Financial Scorecard c. Internal Business Process Scorecard d. Knowledge‚ Education‚ and Growth Scorecard | | | 5S Assessment | * Sort >> Set-order / Stabilize >> Shine >> Standardize >> Sustain * 5S is a process and method for creating
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obligation for the thirteen warehouses for which the settlement date is indeterminate? SUMMARY CONCLUSION ON ACCOUNTING QUESTIONS 1. LOI should recognize an asset retirement obligation. 2. LOI has ability to estimate fair value. 3. There is a low probability of buyer to require LOI to remove asbestos. This is reflected in the fair value of the liability but does not affect recognition. 4. LOI cannot defer obligation indefinitely‚ so LOI has basis for estimating fair value. AUTHORITATIVE AND INTREPRETIVE
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A: True An inspector correctly identifies 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is .736. A: Use Binomial table to discover ‚ add 3 probabilities for 0‚1‚2 A continuous random variable may assume only integer values within a given interval. A: False A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes and branches. A: False A table of random numbers must be normally distributed and
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Of course‚ if you recognized the fact that our standard Z-transformation accomplishes precisely this‚ you could write the transformation as . 1b. Find the probability that . Convert X into a standard normal via Z= . For X=18‚ Z=-1. For X=36‚ Z=.5. The probability that X is between 18 and 36 is thus equivalent to the probability of Z between -1 and .5. The latter term is F(.5)-F(-1)=.6915-.1587=.5328 1c. Supposing 5X‚ find the mean of . This is actually easier than 1a or 1b. μY =a+b
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CHAPTER 1 Individuals are the objects described by a set of data. Individuals may be people‚ but they may also be animals or things. A variable is any change of an individual. A variable can take different values for different individuals. A categorical variable places an individual into one of several groups or categories. A quantitative variable takes numerical values for which arithmetic operations such as adding and averaging make sense. The distribution of a variable tells us what values
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Technology e-mail:059180@landbank.com.tw September‚ 2012 Abstract Shifting probability of credit status of past due or non-performing loans across stage has always been the center of attention not only for banking institutions but also for academicians. Mortgage loans’ changing credit status has a major influence on bank’s required reserve for capital adequacy against possible default loss. If the probability of shifting credit for default loans can be understood‚ calculated‚ controlled‚ or
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Research and Conference Grants of the University of Hong Kong. De Vany received support from the Private Enterprise Research Center of Texas A&M University. 1 expectations‚ but in¯nite variance. Only 19 stars have a positive correlation with the probability that a movie will be a hit. No star is \bankable" if bankers want sure things; they all carry signi¯cant risk. The highest grossing movies enjoy long runs and their total revenue is only weakly associated with their opening revenue. Contrary
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arrive within 15 minutes of the scheduled time? Solution a. Since the flights are independent‚ the probability of 4 of them arriving within 15 of the scheduled time is: So‚ the probability of this event is 0.6561 b. The probability that none of the flights arrives within 15 minutes of the scheduled time is: So‚ the probability of this event is 0.0001 c. The probability that at least one of the flights didn’t arrive within 15 minutes of the scheduled time‚ is give
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performance has significantly declined‚ which has directly contributed to a decline in its overall fair value. Smooth Sailings’ management is evaluating the following possible options for proceeding into 2011 and beyond: | Option | Probability of Occurring | 2011 | 2012 | 2013 | 2014 | 2015 | Total | A | Continue operating the cruise ship in current area | 10% | $1.0M | $0.9M | $0.7M | $0.7M | $0.7M | $4.0M | B | Operate the cruise ship in a new area where there are no pirates | 20%
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the samples‚ the closer to the population parameter the statistics will be * probabilities * the number possible outcomes that you are interested in divided by the total number of possible outcomes associated with an event * null hypothesis significance testing (NHST) * the null hypothesis states that there is no effect in the population of interest * if the probability of obtaining the data is high‚ the null hypothesis is true * no effect
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