A company wants to estimate how long it will take to produce 100 units of a productbased on production rates in the past. Which statistical method would be mosteffective?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked May 27, 2023 117k views

4 votes

A company wants to estimate how long it will take to produce 100 units of a productbased on production rates in the past. Which statistical method would be mosteffective?

Mathematics
college

Simpleton asked

by Simpleton

4.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

3 votes

the answer is

option 1

Use a confidence interval with the past average production time as the mean

Rod Lima answered Jun 1, 2023

by Rod Lima

5.6k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions