Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

A bank has freshly taken over the billing function of a company. An agreement specifies that the bank must process 99.2% of the bills in four hours. A study of current process points out that the processing time averages 2.2 hours per bill with the standard deviation of 0.8 hours. A process enhancement team has suggested the change. Experiments point out that the change will lower average processing time to 2 hours, however will increase the standard deviation to 1.2 hours.

a.) With new system, what is probability of processing bills in four hours?

b.) With current system, what is probability of processing the bills in four hours?

c.) Should you change systems?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M914693

Have any Question? 


Related Questions in Project Management

An organization its mission and strategic intentin this

An Organization: Its Mission and Strategic Intent In this assignment, decide on a company's strategic intent, its mission, and the role of stakeholders in developing an organization's strategy. You have learned that stak ...

Consider an e-business like amazoncom which web-centric

Consider an e-business like Amazon.com. Which Web-centric metrics on page 208 would be most important to it? Justify your answers. Now consider a content provider like CNN ( www.cnn.com). Which Web-centric metrics would ...

Assignmentscenarioyou work as a project manager for the it

Assignment Scenario You work as a project manager for the IT department at your company, a supplier of customized management software packages for the oil industry. Your company is in the process of a big expansion, and ...

1 for the combined isotropickinematic hardening model

1. For the combined isotropic/kinematic hardening model, derive the expression of plastic strain increment from the plastic consistency condition. 2. Write the expression of the fourth-order unit symmetric tensor and uni ...

Discussionmiddot assess the value of the product

Discussion · Assess the value of the product life cycle as a tool for product succession planning and related product management activities. Give your opinion on whether or not the Product Life Cycle can help health care ...

1 how do industry profits change as a product moves through

1. How do industry profits change as a product moves through the four stages of its life cycle? 2. What are the stages in the product adoption process, and how do they affect the commercialization phase? 3. How does bran ...

1 how is a peer-to-peer network different from a

1. How is a peer-to-peer network different from a client/server network? 2. What is an Ethernet card? 3. What does a network switch do? 4. What is bandwidth?

Planning strategic planning - concluding thoughtswrite in

Planning : Strategic Planning - Concluding Thoughts Write in APA STYLE in 5 PAGES. and also include references. In developing this assignment, you have an opportunity to synthesize and apply the concepts, principles, and ...

What is planning how does an organization determine if

What is planning? How does an organization determine if planning is necessary? What are the three common levels of planning? Who are stakeholders? Why is it important to consider their views when planning? What is a valu ...

Communicating project risksassignmentin previous weeks you

Communicating Project Risks Assignment: In previous weeks, you selected a project around which to develop your Risk Management Strategy and Plan Key Assignment. In Week 1, you crafted a letter to the project sponsor expl ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen