Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
The standard deviation for office-use copier repairs is nearly nine, while for professional-use copiers it is about four. According to the normal distribution, there is an 84% chance that an outcome will be lower than one standard deviation higher than the average. For example, adding the standard deviation nine to the average of forty-three repairs gives us fifty-two repairs; on only 16% of working days would we expect to see a higher rate of service calls. Therefore, seven technicians can handle the work 84% of the time -- an adequate number. Applying this same method to the professional copier situation reveals that twenty-four service calls or less will come in 84% of the time, and six technicians can cover this. So a total of thirteen technicians seven for office use and six for professional-use copiers, ought to be plenty to ensure speedy service to customer without employing too many idle technicians.
After the acquisition, the change in numbers obviously calls for a reassessment. Te claim that a 50% increase in copiers requires a 50% increase in technicians can easily be tested by applying the same mathematic principles and functions. 3185 office-use copiers will result in an average of 65.4 service calls and a standard deviation of 13.4, meaning...
596 professional use-copiers have an average of 30.6 calls a day and a standard deviation of 6.2, for a total of 39 calls or less 84% of the time, requiring ten technicians. These numbers indicate that two more office-use and four more profession-use technicians should be hired after the acquisition than should ideally be employed now, which shows that the law of averages is correct in predicting that the number of service call "explosions" evens out as the number of copiers increases. Though there is an approximately fifty-percent increase in the number of copiers acquired, less of an increase is necessary in the number of technicians hired.
To err on the side of even faster service, more technicians could of course be hired. Adding another standard deviation's worth of repair calls and hiring the attendant number of technicians would mean that the company was covered almost 98% of the time. It would also mean hiring four more technicians -- two more each for office-use and professional-use copiers, and there would be a great deal more idle time. The 84% coverage is an ideal situation that maximizes both prompt customer service and cost saving measures that will allow the…
The analysis of the scenario involves copying by hand devoid of utilizing excel formulae. The terminology 'What if ' scenarios mainly refer to the underlying base case of the numerical figures in the tables of the financial planning business model. It is significant to undertake checking of the entire changed cells that have altered back to their corresponding original numerical values prior to processing to a new 'What if
Statistical education trains students in the science of collecting, displaying, analyzing and interpreting numerical data. It is often referred to as "the science of doing science." Students come across statistical ideas in their daily lives. For example, a student may see statistics used in political polls, music charts and unemployment rates. Basic statistical education is important in helping students to make sense of the abundance of numerical information that is presented
As a consequence, investors may suffer. Importance of the Study It is necessary and pertinent to discuss the importance of any study, and this particular study is important to many people across many countries. Not only does it have importance for people who are trusting people with their pension and hedge funds in Germany, but it also has importance for people who are considering a career working with these funds and
Based on statistics, nearly one million eighth graders admit getting drunk and another 1.2 million twelfth graders are considered binge drinkers. Heroin use by young adults has doubled from 1991 to 1996 and even teenage compulsive gambling is on the rise (http://www.einstein.edu/e3front.dll?durki=8576,2004). Youth Gangs and Violence - The Starting Point It should be noted that violence started from the family affecting the whole society. What an individual has for a family, what
Desk Staffing Trends Banks, J. And Pracht, C. (2008). Reference Desk Staffing Trends: A Survey. Reference & User Services Quarterly 48(1), 54-59. Banks and Pracht (2008) carried out a quantitative research to investigate the current staffing trends at reference desks of academic libraries. The research is conducted from a theoretical framework perspective asserting that there have been changes in libraries, as services are merged and eliminated, users are taught on information
" Human development- behavioral shifts in human being that tae place during the course of an entire lifespan ("Human Behavior"). Risk Analysis- the activity of determining and analyzing the dangerous natural and human caused negative events. This analysis takes into consideration the risks these event pose to businesses individuals and governments. Within the domain of information technology risk analysis reports are utilized to tailor technology-related objectives with a an organization's business objectives.