Business Finance
USF Line Manager in Super Car Part Case Memorandum & Statistics Problem

University of South Florida

Question Description

I’m studying and need help with a Business question to help me learn.

This assignment is the first of four steps in completing the business memorandum. This assignment will require you to:

  1. Solve a statistics problem - you will solve the statistics problem and include it in this assignment (in the appendix.) - You will use the calculations you complete to inform the recommendation you make for this problem.
  2. Answer the problem questions included in the assignment template -through doing this you will articulate an understanding of the problem and what you are being asked to do with that problem, the value of the statistical calculation to addressing the problem, and who the audience you are asked to address is and how their role and status will influence what and how you write your memorandum.
  3. Complete a draft of the memorandum - through doing this you will demonstrate an ability to understand and explain a statistical problem in language appropriate to the professional status and background of the audience you are addressing

4. USE The Template : ((( it is attached below)))

Problem Description

In this section, you will find a description of the problem, requested recommendation and audience for the final memorandum for this assignment.

Problem description:

You are a line manager in Super Car Part’s Eversville manufacturing facility. The company produces automotive parts, and you have responsibility for the line producing steel shafts for the gearbox manufactured in the Eversville Plant. The acceptable dimension of the shaft is 2.5±0.05 inches in diameter with the most desirable product having a diameter of exactly 2.5 inches. The current equipment is approaching the end of its useful life and needs to be replaced. Two vendors are trying to sell your company, Super Car Parts Incorporated, their machines for the shaft-machining task. You have been asked to assess the machines from each vendor, and to make a recommendation for a machine vendor supported by a justification for your decision.

You asked both vendors to supply data on the machining accuracy of their machines for the given task. Both vendors machined 100 shafts, collected data, plotted histograms, fitted the histograms with normal distributions and supplied you with their findings.

Let X= diameter in inches of the gearbox shaft

Aballo Machines Inc.: X has a normal distribution with a mean of 2.49 and a standard deviation of 0.030

Lu Equipment Corp.: X has a normal distribution with a mean of 2.53 and a standard deviation of 0.015

Audience: You are creating this document for the company’s Chief Operating Officer (Links to an external site.), Lenore Georges, and copying the Chief Financial Officer, (Links to an external site.) Anahita Kourosh. Documents involved in major financial decisions like this may also be distributed by the addressees to other executives and the corporate board members.

Unformatted Attachment Preview

Student: Problem Definition Questions 1. What problem you have been asked to address? While you are using statistics to support a particular answer, the question you are being asked to address is not a formula or a description of the calculations you will complete. You need to describe the problem you are being asked to solve in plain language. 2. How can the data provided inform an intervention recommendation? 3. What is the outcome you are supposed to provide in this memorandum? 4. a) To whom have you been asked to address this memorandum?. b)What is their role in the organization? c) What scale of detail in the memorandum is this person likely to need from you given their position in the organization? You may need to do a quick internet search of this role. a) b) c) 5. a) Who will you be carbon copying this memorandum to? (they are a secondary audience). b) What is this person’s role in the organization? c) What scale of detail in the memorandum is this person likely to need from you given their position in the organization? You may need to do a quick internet search of this role. a) b) c) 1 MEMORANDUM Summary Analysis Additional Considerations Conclusion 1 Appendix A – Statistical Calculations Student: 2 ...
Purchase answer to see full attachment
Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Attached.

Student:
Problem Definition Questions
1. What problem you have been asked to address? While you are using statistics to support a
particular answer, the question you are being asked to address is not a formula or a description
of the calculations you will complete. You need to describe the problem you are being asked to
solve in plain language.

As a line manager at Super Car Part, I have been given the task of choosing the most
accrurate vendor machine that would raplace the old one. The problem is thatt the old
equipment has reduced its performance (inefficient) due to having ineffective shaft. Hence,
chosing the best model from Aballo Machines Inc. and Lu Equipemtn Inc is the
responsibility here.
2. How can the data provided inform an intervention recommendation?

Having the sample number of shafts, standard deviation, sample mean dimension, and the
expected mean dimension, the probabilty the each machine's shaft dimension would fall
witnin the requires range can be detemine and used to decide the most appropruate one.
3. What is the outcome you are supposed t...

puritymaruga (7941)
UIUC

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
Just what I needed… fantastic!

Anonymous
Use Studypool every time I am stuck with an assignment I need guidance.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
Similar Questions
Related Tags