Joe and Betty are considering changing how they maintain th…

 Joe and Betty are considering changing how they maintain their personal health records (PHRs).  They currently maintain them on a thumb drive.  If, however, they decide to store their PHRs via an electronic portal connected to Mercy Hospital’s electronic health record system, they will have transitioned to a PHR that is:

A bakery is analyzing whether cookie diameter varies with ve…

A bakery is analyzing whether cookie diameter varies with vertical position in an oven, between the “bottom rack” and the “top rack”. An experiment was run, with twenty (20) cookies baked in each position. Assume the variance in diameter is equal for both rack positions. Which statistical test should be used to determine whether the mean cookie diameter from the “bottom rack” is the same as the mean cookie diameter from the “top rack”?

To reduce costs, a project team has decided to purchase a ne…

To reduce costs, a project team has decided to purchase a new weaving loom. The team must decide between two looms: the Josef and the Jurgens. Both looms have comparable quality levels and the same capacity, but different costs. The team needs to analyze the costs for both looms over a seven-year study period, with an MARR (an interest rate) of 12% per year. Loom 1: The Josef will cost $41,000 now, have operating costs of $6,000 per year, and have a salvage value of $3,000. Loom 2: The Jurgens will cost $83,000 now, have annual operating costs of $1,000, and have a salvage value of $7,000. What is the net present worth of the cash flows for Loom 1?    [loom1] What is the net present worth of the cash flows for Loom 2?    [loom2] Which loom should the team select?    [select]

Two gear hobbing machines are used to produce a part for aut…

Two gear hobbing machines are used to produce a part for automotive transmissions. Scrap costs for one critical dimension are excessive. To determine whether there is a difference in variability between the two machines, a Six Sigma project team ran a small experiment. The Minitab output for the statistical analysis is shown below. Using a significance level of α = 0.05, the team concludes that:

Two gear hobbing machines, are used to produce a part for au…

Two gear hobbing machines, are used to produce a part for automotive transmissions. Scrap costs for one critical dimension are excessive. To determine whether there is a difference in mean performance for the two machines, a Six Sigma project team ran a small experiment. The Minitab output for the statistical analysis is shown below. Using a significance level of α = 0.05, the team concludes that: