Question

There was a limited edition set of toys, where only 6 were produced and by hand....

There was a limited edition set of toys, where only 6 were produced and by hand. Their weights are:

W = [2.05, 1.8, 2.2, 2.15, 1.75, 1.95]

Was there any skewness in the production process in terms of the weights of these toys? How do you know?

Homework Answers

Answer #1

Was there any skewness in the production process in terms of the weights of these toys

YES, there is negative skewness present in the production process in terms of the weights.

How do you know

Please see below calculations to understand the skewness measure,

Here skewness is -0.123 hence there is skewness present in the weights.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
AA.) Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a...
AA.) Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 6 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $6.50 per hour During July, the company produced 4,700 Maze toys. The toy's production data for the month are as follows: Direct materials: 74,000 microns were purchased at a cost...
The transactions in this practice set were completed by Hydro Paddle Boards, Inc. during January, the...
The transactions in this practice set were completed by Hydro Paddle Boards, Inc. during January, the first month of the company’s fiscal year. Hydro Paddle Boards, Inc. is a manufacturing corporation that designs and manufactures a limited variety of custom stand-up paddle (SUP) boards. The SUP boards vary in size and performance, including beginner, intermediate, advanced, competition, and racing boards. Hydro Paddle Boards, Inc. maintains a job-order cost system. You have accepted a position with Hydro Paddle Boards, Inc. as...
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special...
Discussion Question: What would you do case? (CH10) DUE 5/6 The words “Cessna Skyhawk” have special meaning for anyone who has ever wanted to learn to fly. At 27 feet long and 8 feet tall, with a 36-foot wingspan, a 140 mph cruising speed, and room for two adults and their luggage, more people have learned to fly with a Cessna Skyhawk than with any other plane in aviation history. In fact, the Cessna Skyhawk is the best-selling plane of...
The Boeing Company, headquartered in Chicago, Illinois, is one of the two major producers of aircraft...
The Boeing Company, headquartered in Chicago, Illinois, is one of the two major producers of aircraft in the global market. The other major producer is European Airbus. Boeing produces three models in Everett, Washington: 747s, 767s, and 777s. The planes are all produced in the same building. At any one time, there may be as many as six planes in various stages of production. Obviously the building has to be fairly large to accommodate such a huge undertaking. In fact,...
1.) True or False? For all societies, resources are scarce, and technology is limited, while people’s...
1.) True or False? For all societies, resources are scarce, and technology is limited, while people’s wants and needs for goods and services seem to be unlimited. (2 points) 2.) (1 point) Adam Smith’s “invisible hand” refers to a.) the subtle and often hidden methods that businesses use to profit at consumers’ expense. b.) the ability of free markets to reach desirable outcomes, despite the self-interest of market participants. c.) the ability of government regulations to benefit consumers, even if...
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities...
BridgeRock is a major manufacturer of tires in the U.S.. The company had five manufacturing facilities where tires were made and another 20 facilities for various components and materials used in tires. Each manufacturing facility produced 10,000 tires every hour. Quality had always been emphasized at BridgeRock, but lately quality was a bigger issue because of recent fatal accidents involving tires made by other manufacturers due to tread separation. All tire manufacturers were under pressure to ensure problems did not...
In the case below please answer the following 4- 6 pages 1. State the ethical issues...
In the case below please answer the following 4- 6 pages 1. State the ethical issues 2. State the legal issues 3. Discuss the options/debate the issues 4. Discuss extra info needed to make decision Rina Cummings has worked three 12-hour shifts every week at Amazon’s gargantuan New York City warehouse, called JFK8, on Staten Island since it first began operations in late 2018. As a sorter on the outbound ship dock, her job is to inspect and scan a...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich,...
Mattel Responds to Ethical Challenges Business Ethics This case was written by Debbie Thorne, John Fraedrich, O. C. Ferrell, and Jennifer Jackson, with the editorial assistance of Jennifer Sawayda. This case was developed for classroom discussion rather than to illustrate either effective or ineffective handling of an administrative, ethical, or legal discussion by management. All sources used for this case were obtained through publicly available material. Mattel, Inc. is a world leader in the design, manufacture, and marketing of family...
The Business Case for Agility “The battle is not always to the strongest, nor the race...
The Business Case for Agility “The battle is not always to the strongest, nor the race to the swiftest, but that’s the way to bet ’em!”  —C. Morgan Cofer In This Chapter This chapter discusses the business case for Agility, presenting six benefits for teams and the enterprise. It also describes a financial model that shows why incremental development works. Takeaways Agility is not just about the team. There are product-management, project-management, and technical issues beyond the team’s control. Lean-Agile provides...
Brian Durkee/ Director of Operations, Numi Organic Tea: Well Numi; Numi’s is a triple bottom line...
Brian Durkee/ Director of Operations, Numi Organic Tea: Well Numi; Numi’s is a triple bottom line company which means our focuses are on people, planet and profit. Hi, I’m Brian Durkee. I’m the director of operations for Numi Organic Tea and a big part of my role at Numi is to really manage that, and uh; it’s beyond just taking care of your employees. Numi has fifty employees in the U.S. but the peoples who dedicate the majority of their...