Operations Management (Basic) - Statistics 101: Binomially Distributed Factory Accident Data

Master Operations Management: Boost Productivity, Optimize Workflows, Forecast with Precision!

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7 learners

What you'll learn

Understand and calculate basic productivity metrics.
Create and analyze workflow network diagrams for process optimization.
Perform critical path analysis to manage project timelines effectively.
Apply total quality management techniques using Excel for quality improvement.

This course includes

5.3 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

binomially distributed factory factory accidents factory accident binomial distribution factory accident videos statistics 101 binomial distribution brandon foltz binomial distribution operations management brandon foltz brandon c foltz brandon c. foltz statistics 101

Full Transcript

Statistics 101: Binomially Distributed Factory Accident Data. In this video, we use the binomial distribution to answer a real-world question about the number of accidents occurring on a factory production floor. I do assume you have a basic understanding of what the binomial distribution is and how to interpret probability graphs. If not, check out my previous videos. Enjoy! My playlist table of contents, Video Companion Guide PDF documents, and file downloads can be found on my website: https://www.bcfoltz.com