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1 . Which production system focuses on producing customized, one - of - a - kind products? a ) Mass production b ) Lean production
Which production system focuses on producing customized, oneofakind products?
a Mass production
b Lean production
Job shop production
d Batch production
Which of the following is not a key component of the "Four Ps in operations management?
a Product
b Price
c Place
d Personnel
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
Which inventory management method aims to minimize holding costs by ordering just enough inventory to meet immediate demand?
a Justintime JIT inventory
b Economic order quantity EOQ
c ABC analysis
d Safety stock management
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
What is the median of the following dataset:
a
b
c
d
In a normal distribution, approximately what percentage of data falls within one standard deviation of the mean?
a
b
c
d
Which measure of central tendency is most affected by outliers?
a Mean
b Median
c Mode
d Range
The interquartile range IQR is a measure of:
a Data spread
b Data central tendency
c Data variance
d Data skewness
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
What is the formula for calculating the variance of a dataset?
aSum of valuesNumber of values
b Square root of the mean
cSum of squared differences from the meanNumber of values
d Median Mode
Which of the following is NOT a measure of variability in statistics?
a Standard deviation
b Range
c Mean
d Variance
A zscore 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
In hypothesis testing, what is the pvalue 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
Which type of sampling technique involves dividing the population into nonoverlapping subgroups and then randomly selecting samples from each subgroup?
a Simple random sampling
b Systematic sampling
c Stratified sampling
d Cluster sampling
What does the pvalue 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
What is the formula for calculating the standard deviation of a dataset?
aSum of valuesNumber of values
b Square root of the mean
cSum of squared differences from the meanNumber of values
d Median Mode
In a normal distribution, what percentage of data falls within two standard deviations of the mean?
a
b
c
d
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
When comparing the means of two independent groups, which statistical test is appropriate?
a Chisquared test
b Ttest
c ANOVA
d Regression analysis
What is the median of the following data set:
a
b
c
d
e
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
In a normal distribution, what percentage of data falls within one standard deviation of the mean?
a
b
c
d
e
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
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
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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