The Industrial Internet of Things, or IIoT, is used to improve operations in manufacturing and industry via applications including predictive maintenance and data analytics. Which is true? a. True Not true
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The Industrial Internet of Things, or IIoT, is used to improve operations in manufacturing and industry via applications including predictive maintenance and data analytics. Which is true?
a. True
Not true
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- The CEO is ultimately responsible for the effectiveness and success of ERM . Select one: 1-True 2-FalseMema Company makes motorcycles. Management wants to estimate overhead costs to plan its operations. A recent trade publication revealed that overhead costs tend to vary with machine hours. To check this, they collected the following data for the past 12 months. (See the picture for the table) Compute for the: 1. Use the method of Least-Squares to estimate the fixed and variable portion of overhead costs based on machine hours.The director of surgery at a local hospital is interested in understanding his unit’s costs. An assistant collected data for the past 36 months on unit cost (labor, supplies, and so on) along with the number of procedures performed in the unit. The assistant analyzed the data using a spreadsheet program, and the following output was generated. Equation Intercept $ 1,013,000 Coefficient on procedures $ 210 Statistical data Correlation coefficient 0.553 R2 0.303 The unit is planning to perform an average 13,500 procedures per month for the coming year. Required: a. Use the regression output to write the surgical unit cost equation. b. Based on the cost equation, compute the estimated costs for the surgical unit per month for the coming year. c. The director of surgery has asked you for advice on whether he should rely on the estimate.
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