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- iS Management Fall20 Random variation is also known as common cause variation. Select one: a. FALSE O b. TRUEBias is a synonym for Mean Absolute Deviation. True FalseThe x-bar chart tests the change in the number of defective items in a given sample O a. TRUE O b. FALSE IS PAGE acer F2 F3 F4 F5 F6 F7 F8 Coca) F9 F10 F11 DIO 2$ 70 &
- is step 2 correct? im calculate by following step 2 but standard deviation = 187COQ Histogram; Spreadsheet Application Genova Company classifies its costs of quality intofour categories. The costs of quality (COQ) as a percentage of cost of goods sold for the last threeyears are as follows:[LO 17-1, 17-5][LO 17-5]2019 2020 2021Prevention costs 1.00% 4.00% 2.00%Appraisal costs 3.00 2.50 1.50Internal failure costs 27.00 23.00 14.00External failure costs 31.00 18.00 12.00Required1. Use a spreadsheet to prepare a histogram that shows the costs of quality (COQ) trends as a percentageof cost of goods sold.2. Comment on the trends in cost of quality (COQ) over the 3-year period from 2019 to 2021.3. Based on the observed trends, what total cost of quality can the company expect in 2022? Explain.The accuracy of the point estimate is measured by its a. sampling error. b. standard error. c. standard deviation. d. nonsampling error.
- In a hypothesis test, a small value for the sample variance increases the likelihood that a statistically significant treatment effect will be detected. O True O FalseThe chart below is a summary of the main results of a test data set representing the population observed purchasing a virtual digital assistant. What does the accuracy rate indicate? Metrics Metric Value Accuracy (#correct) 178 Accuracy (%correct) 85.6 Specificity 0.88219 Sensitivity (Recall) 0.6 Precision 0.82400 F1 Score 0.88213 Success Class 1 Success Probability 0.4 Multiple Choice 85.6% of the population has purchased a virtual assistant. 60% of the observations are correctly classified. 85.6% of the observations are correctly classified. 14.4% of the observations are correctly classified. Explain all the incorrect answers alsoThe weights of a random sample of cereal boxes that are supposed to weigh 1 pound are given below. Estimate the standard deviation of the entire population with 92.8% confidence. 0.95 1.01 0.97 0.95 1.04 0.98 1.02 1.03 LCL = UCL =
- ns Management || fall20 Random variation is also known as common cause variation. Select one: O a. TRUE O b. FALSEA metal fabricator produces connecting rods with an outer diameter that has a 1± 0.02 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.005 inches with a standard deviation of 0.003 inch. Calculate the process capability index for this example. Note: Round your answer to 3 decimal places. Process capability indexFigure 1 shows the general discriminatory test for health status prediction. "Perfect test cut-off True negative; TN (specificity) True positive; TP (sensitivity) False negative (FN) False positive (FP) Healthy Sick (a) Test cut-off Moving cut-off to left reduces false negatives (higher specificity) at cost of reduced sensitivity Moving cut-off to right reduces false positives (higher sensitivity) at cost of reduced specificity TN TP FN FP Healthy Sick (b) Figure 1. The Discriminatory Test with (a) A Good Discrimination Test Cut-off, and (b) A Bad Discrimination Test Cut-off i. What is your next action, if you obtain a perfect discriminatory test result (where both false negative and false positive rate are near zero) during model training? Justify your action. ii. In which phase of machine learning methodology do you move the test cut-off point as shown in Figure 1(b)? Justify why you should do that.