Posted: June 29th, 2021

Lorex pharmaceuticals- case study | Mathematics homework help

For the Lorex case, they had to decide on what fill-target level should they set for their new drug. Even though the bottles were labelled at 10oz, it was not possible for each bottle to be exactly filled to that level. Overfill would mean waste of materials and underfill at times might have some kind of penalty. Without any prior history, Lorex decided to run a sample of 144 bottles that hopefully would help them some. Remember that nto all information are useful in every real-world situation.  Sometimes information are wrong or misleading or there are better ways to handle the situation.  So you have to use yoru own judgment. This is the type of decision that faces business operations all the time. What fill-target would you recommend

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