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1 . Which production system focuses on producing customized, one - of - a - kind products? a ) Mass production b ) Lean production

1.Which production system focuses on producing customized, one-of-a-kind products?
a) Mass production
b) Lean production
4) Job shop production
d) Batch production
2. Which of the following is not a key component of the "Four Ps" in operations management?
a) Product
b) Price
c) Place
d) Personnel
3. What is the main purpose of a Gantt chart in operations management?
a) To allocate resources efficiently
b) To monitor project progress over time
c) To analyze financial performance
d) To optimize supply chain logistics
4. Which inventory management method aims to minimize holding costs by ordering just enough inventory to meet immediate demand?
a) Just-in-time (JIT) inventory
b) Economic order quantity (EOQ)
c) ABC analysis
d) Safety stock management
5. What is the key objective of total quality management (TQM) in operations management?
a) Reducing production costs
b) Maximizing profit margins
c) Ensuring high product or service quality
d) Streamlining supply chain operations
1. What is the median of the following dataset: [10,15,20,25,30]?
a)10
b)20
c)25
d)15
2. In a normal distribution, approximately what percentage of data falls within one standard deviation of the mean?
a)25%
b)50%
c)68%
d)95%
3. Which measure of central tendency is most affected by outliers?
a) Mean
b) Median
c) Mode
d) Range
4. The interquartile range (IQR) is a measure of:
a) Data spread
b) Data central tendency
c) Data variance
d) Data skewness
5. If two events are independent, what is the probability of both events occurring?
a) The sum of their probabilities
b) The product of their probabilities
c) The difference of their probabilities
d) The ratio of their probabilities
6. What is the formula for calculating the variance of a dataset?
a)(Sum of values)/(Number of values)
b) Square root of the mean
c)(Sum of squared differences from the mean)/(Number of values)
d) Median - Mode
7. Which of the following is NOT a measure of variability in statistics?
a) Standard deviation
b) Range
c) Mean
d) Variance
8. A z-score measures:
a) The proportion of data above a certain value
b) The proportion of data below a certain value
c) How many standard deviations a data point is from the mean
d) The mean of a dataset
9. In hypothesis testing, what is the p-value used to determine?
a) The sample size
b) The level of confidence
c) The probability of observing the data if the null hypothesis is true
d) The population mean
10. Which type of sampling technique involves dividing the population into non-overlapping subgroups and then randomly selecting samples from each subgroup?
a) Simple random sampling
b) Systematic sampling
c) Stratified sampling
d) Cluster sampling
1. What does the p-value represent in hypothesis testing?
a) The probability of making a Type I error
b) The probability of making a Type II error
c) The probability of observing the data if the null hypothesis is true
d) The level of confidence in the alternative hypothesis
2. What is the formula for calculating the standard deviation of a dataset?
a)(Sum of values)/(Number of values)
b) Square root of the mean
c)(Sum of squared differences from the mean)/(Number of values)
d) Median - Mode
3. In a normal distribution, what percentage of data falls within two standard deviations of the mean?
a)25%
b)50%
c)68%
d)95%
4. What is the primary purpose of a scatterplot in statistics?
a) To display the distribution of a single variable
b) To show the relationship between two variables
c) To summarize categorical data
d) To calculate the mean and median of a dataset
5. When comparing the means of two independent groups, which statistical test is appropriate?
a) Chi-squared test
b) T-test
c) ANOVA
d) Regression analysis
1. What is the median of the following data set: 10,15,20,25,30?
a)10
b)15
c)20
d)25
e)30
2. What does the term "standard deviation" measure in a data set?
a) The average value
b) The spread or dispersion
c) The total sum
d) The minimum value
e) The maximum value
3. In a normal distribution, what percentage of data falls within one standard deviation of the mean?
a)25%
b)50%
c)68%
d)95%
e)99.7%
4. Which type of data is categorical and cannot be measured on a numerical scale?
a) Discrete data
b) Continuous data
c) Ordinal data
d) Nominal data
e) Interval data
5. What is the formula for calculating the mean (average) of a data set?
a) Sum of all values divided by the number of values
b) Median divided by the mode
c) Maximum value minus the minimum value
d) Sum of all values squared
e) None of the above
6. Which measure of central tendency is affected the most by outliers in a data set?
a) Mean
b) Median
c) Mode
d) Range
e) Variance

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