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A machine shop produces many parts but their biggest seller is the Deluxe Jig.

Marketing only accepts orders in multiples of 50. Past demand data is:

Order Amount	Number of Orders
50	33
100	46
150	84
200	74
250	32

The Deluxe Jig goes through a four step process with the following yields:

Cutting	µ =	96.6%	σ =	1.00%
Grinding	µ =	93.4%	σ =	2.50%
Lathe	µ =	98.9%	σ =	3.00%
Polish	µ =	98.4%	σ =	1.00%

Note: The yield cannot exceed 100%

The production lot size is 15% more than the order size

Design a simulation to determine what percent of the orders satisfy the order amount.
Provide data analysis to verify that you tested the model validity.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92206728

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