Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

If the cycle time of a process is predicted by Cycle Time = 5 . 2 5 * ( Number of items ) + 4

If the cycle time of a process is predicted by Cycle Time =5.25*(Number of items)+4.3, with a correlation of 0.8, then it is fair to say:
Group of answer choices
we can predict cycle time with no error.
cycle time is only influenced by the number of items.
cycle time is definitely influenced by the number of items.
for the data analyzed, cycle time is statistically correlated with the number of items.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

9780073526706

Students also viewed these General Management questions