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You are working an operations manager for a manufacturing facility. Your goal is to ensure that the manufacturing facility is meeting the production targets on
You are working an operations manager for a manufacturing facility. Your goal is to ensure that the manufacturing facility is meeting the production targets on a daily basis.
The table shown here is for days. It simply codes each day as met the production targets or did not meet
If the manufacturing facility produced enough products as set by the production limits it is coded as
Otherwise, it is coded as
As an operations manager, you would like to see this ratio be near to be competitive with other similar facilities
Determine whether the data in the table is meeting the rate of if your management is willing to
accept a chance of making the incorrect decision.
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