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18 Cards in this Set
- Front
- Back
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True or false? Linear Relationships can never be greater than 1.
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FALSE
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A formula that takes the mean of a set, subtracts the individual amounts in the set from the mean, squares the sums of those amounts and divides by the number of items in the set is called _______.
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Variance
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The Mode of the following number set is ________. 2, 2, 2, 3, 4, 5, 5
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2
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If the distribution of a curve is drawn away from the majority of values and the peak is to the RIGHT side, this indicates a _______.
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negatively skewed curve
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_____ are the standards used to determine whether a program meets or exceeds expectations.
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Criteria
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The mean of the set 2, 3, 4, 4 is ______.
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3.25
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If fixed costs are $1,000.00, the selling price is $50.00, and the cost to produce the item is $25.00 the Economic Order Quantity would be________.
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40
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The Mean of the following set is approximately _______. 2, 2, 2, 3, 4, 5, 5
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3.3
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If fixed costs are $1,000,000.00, the selling price is $125,000.00, and the cost to produce the item is $100,000.00 the Economic Order Quantity would be________.
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40
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True or false? The payback period for an item with an initial investment of $100,000.00 and expected annual cash flow increase of $10,000 would be 10 years.
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TRUE
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An item is expected to have a $20,000 a year cash flow for a period of 3 years. Using the chart information below, compute the net persent value of the cash flows using a 15% discount rate. Discount Rates are: 10% .909 (year 1): .526 (year 2) and .751 (year 3); 12% .893 (year 1) .797 8(year 2) and .712 (year 3) ; and 15% .870 (year 1) .756 (year 2) and .658 (year 3)
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$45,680
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An item is expected to have a $10,000 a year cash flow for a period of 3 years. Using the chart information below, compute the net persent value of the cash flows using a 12% discount rate. Discount Rates are: 10% .909 (year 1): .826 (year 2) and .751 (year 3); 12% .893 (year 1) .797 (year 2) and .712 (year 3) ; and 15% .870 (year 1) .756 (year 2) and .658 (year 3)
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$24,020.00
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If the distribution of a curve is drawn away from the majority of values and the peak is to the LEFT side, this indicates a _______.
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Positively skewed
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The development costs of a program were $120,000.00 and 5 items were developed as prototypes. There were subsequently 4 items procured at an additional $150,000.00. The Program Acquisition Unit Cost (PSUC) for this program would be:
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$30,000.00
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If fixed costs are $100,000.00, the selling price is $22,500.00 and the cost to produce the item is $17,500.00 the Economic Order Quantity would be:
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20
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If fixed costs are $2,200.00, the selling price is $150.00 and the cost to produce the item is $55.00 the Economic Order Quantity would be:
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23
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The development costs of a program were $200,000.00 and 1 item was developed as a prototype. There were subsequently 5 items procured at an additional $1,500,000.00. The Program Acquisition Unit Costs (PAUC) for this program would be:
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none of the above
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True or false? The Reengineering team composition should be kept to under 10 members, include a mixture of competencies and experiences such as members who know the process inside and out, some technology gurus and some who don't know the process at all.
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TRUE
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