Which of the following statements is the BEST example of market potential for a manufacturer of metal detection systems?
A. The market potential for metal detection systems for use in public schools in New York City is 12,000 units
B. The market potential for metal detection systems for the transportation industry in the year 2002 is $92,000,000
C. The market potential for metal detection systems for the use in airports in Southwestern U.S. in the year 2003 is 125 units
D. The market potential for metal detection systems for all industrial uses is $1.3 billion for the U.S. market during the upcoming twelve months
E. The market potential for metal detection systems that fit on the conveyor belts used by food processing companies is more than $16 million
Ans: C. The market potential for metal detection systems for the use in airports in Southwestern U.S. in the year 2003 is 125 units
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The production rate has been steady at 20 units per hour. The average work-in-process inventory at this station is 15 units. What is the average lead time through this manufacturing station?
A) 15 minutes B) 30 minutes C) 45 minutes D) 1.0 hours
A single-sampling plan has n = 200 and c = 6. A sample is taken and five items are found to be defective. What should be done?
A) Another sample should be taken. B) The lot should be rejected. C) The lot should be accepted. D) The five items should be repaired, and then the entire lot should be accepted.