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Coefficients of correlation range from 0 to 1...
FALSE

Coefficienct of determination measures the strength or degree...
FALSE

High correlation implies a cause and effec relationship between the variables.
FALSE

RST Enterprises folllows a levelcapacity strategy of production/capacity planning, which suggests low labor skills.
FALSE

Intermittent processes take place in a flow shop where we find product layout.
FALSE

Crossover charts may be used in capacity planning, facility location, and other applications.
TRUE

A policy for production/capacity planning in a utility might be: offering lower power rates at offpeak hours.
TRUE

Center of gravity method is based on the use of weighted averages, it does not guarantee an optimal location.
TRUE

Leasing needed space, layoffs, hiring, firing, and stockpiling...
TRUE

In level capacity strategy inventory levels and backlog vary while production and labor plans remain constant.
TRUE

Center of gravity method and incremental analysis are basically single location approaches but they can also be used for solving certain multiple location problems.
TRUE

Preparing for adjustments in size of workforce, levels of inventories, etc. in response to fluctuations in demand is part of capacity planning.
TRUE

Simple linear regression is a model to investigate the relationship between two variables and it enables us to find the equation of the line of best fit.
TRUE

Linear regression may be used in time series analysis, as well as a causal model.
TRUE

In multiple regression models we have only one independent variable.
FALSE

Coefficients of correlation and determination are commonly used to measure goodness of fit and quality of regression models.
TRUE

In chase demand capacity strategy output and labor are constant but inventory levels and backlogs vary.
FALSE

In forecasting there are always four seasonal components to be calculated.
FALSE

In chase demand capacity strategy labor skill levels, pay rates, and training required per employee are high.
FALSE

Facility location problems often involve decisions at three levels: regional, community, and site.
TRUE

