A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. The vice-president of manufacturing, concerned about a possible loss of sales, assigns his production manager the task of ensuring that chips are produced to meet the specification of 1.2 cm.
Based on the production run from last month, a 95% confidence interval was computed for the mean length of a computer chip resulting in: 95% confidence interval: (0.9 cm, 1.1 cm)
- What are the elements that the production manager should consider in determining his company’s ability to produce chips that meet specifications?
- Do the chips produced meet the desired specifications?
- What reasons should the production manager provide to the vice-president to justify that the production team is meeting specifications?
- How will this decision impact the chip manufacturer’s sales and net profit?
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QSO 510 Scenario Analysis Guidelines and Rubric Knowledge of statistics is important foundational knowledge for analyzing data . Equally important is what you can do with that information. An overarching goal of this course is to consider how statistics i nforms decision making, or data -based decision making. Throughout this course, you will be asked to make decisions and then to consider the impact of those choices. Whether in stock trading, in car sales, or on the production floor, the decisions you make as a business professional should be directly influenced by the data available to you. Careful analysis is the key to data -based decision making. Each module task below provides a scenario and a list of questions for you to answer using data -based decisio n making. Module Two : Stock Options Module Four : Cars Sold Module Five : Computer Chips Module Six : Vacation T ime Module Eight : Promotion Module Ten : Printing Equipment Specifically , the following critical elements must be addressed: I. Main Elements II. Inte gration and Application III. Analysis IV. Critical Thinking Guidelines for Submission: Your analysis of the scenario must be submitted as a 1- to 2 -page Microsoft Word document with double spacing and 12 -point T imes New Roman font . Instructor Feedback : This acti vity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information , review these instructions . Rubric Critical Elements Exemplary ( 10 0%) Proficient ( 90 %) Needs Improvement ( 70%) Not Evident (0%) Value Main Elements Thoroughly addresses each of the main elements found in the individual prompts and guiding questions for each scenario Adequately addresses all of the main elements found in the individual prompts and guiding questions for each scenario Addresses most but not all of the main elements found in the individual prompts and guiding questions for scenario Addresses l ess than half of the main elements found in the individual prompts or guiding questions for each scenario 20 Integration and Application All of the course concepts are correctly applied Most of the course concepts are correctly applied Some of the course concepts are correctly applied Does not correctly apply any of the course concepts 20 Analysis Meets “Proficient” and the quality of the statistical analysis is above minimum quality standards for competent Represents competency with respect to the stat istical analysis Statistical analysis is evident, but does not meet standards Statistical analysis is not evident 40 Critical Thinking Draws insightful conclusions that are thoroughly defended with peer -reviewed evidence and examples Draws informed conclu sions that are justified with evidence based on peer -reviewed research Draws logical conclusions, but does not defend with evidence based on peer -reviewed research Does not draw logical conclusions 10 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 10 Earned Total 100%