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Problem:

Suppose your manager presents you with the following information about machines that could be used for a job, and wants your recommendation on which one to choose. The specification width is .48 mm. In this instance, you can narrow the set of choices, but you probably wouldn't make a recommendation without an additional piece of information.

Machine Cost per
Unit ($)
Standard Deviation (mm)
A 12 .072
B 12 .060
C 17 .056
D 10 .063

Solve the given numerical problem and show all work.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91147812

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