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Management Studies

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 illustrate step by step calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91163595

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