Quiz Space

Industry 4.0 · Quiz 2 · 16 Mar 2025 · January 2025 term · Set 3

Question 11: What is the Critical Ratio? [Round the answer to two dec…

Question 11

+1 markWritten answer

Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns Rs.2 by selling each Diya. Any Diya not sold by Diwali will be discounted to 50 Paisa. From his experience, Ramu knows that the demand is Uniformly Distributed within [800, 1000] units. Then answer the given subquestions.

What is the Critical Ratio? [Round the answer to two decimal places]

Show answer

A written answer, not marked automatically.

See the whole paperTake it as a mock test

Question 11 of 18 in the IIT Madras BS Industry 4.0 (Industry 4.0) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB4 16 Mar 2025). It carries 1 mark.

More questions from this paper

  1. Q1THIS IS QUESTION PAPER FOR THE SUBJECT "DEGREE LEVEL : INDUSTRY 4.0 (COMPUTER BASED EXAM)" ARE YOU SURE YOU HAVE TO WRI…
  2. Q2Figure question
  3. Q3Which of the following models corresponds to the Exponential Smoothing forecasting model?
  4. Q4Figure question
  5. Q5Which of the following is not a part of the 7 principles of IoT:
  6. Q6Select the cost(s) from the following list which contribute(s) to the shortage cost:
  7. Q7What are the two primary tasks of time series forecasting?
  8. Q8Figure question
  9. Q9What should be the order quantity which minimizes the total cost to Slipline Co.
  10. Q10What is the number of orders per year?
  11. Q12What is the optimal order quantity that minimizes Ramu’s total cost?
  12. Q13Govind needs to visit City-7. Currently he is stationed at City-1. He has a few alternative routes denoted by the arrow…
  13. Q14Govind needs to visit City-7. Currently he is stationed at City-1. He has a few alternative routes denoted by the arrow…
  14. Q15Govind needs to visit City-7. Currently he is stationed at City-1. He has a few alternative routes denoted by the arrow…
  15. Q16Slipline Co. requires 1500 units of plastic ribbon per month. Each plastic ribbon costs Rs. 27 in the market. Placing a…
  16. Q17Ramu puts up a stall for Diwali Light (Diya) every year. He builds a Diya at a cost of Rs. 1 and earns Rs.2 by selling …
  17. Q18Govind needs to visit City-7. Currently he is stationed at City-1. He has a few alternative routes denoted by the arrow…