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Author Question: What is the difference between Make to stock (MTS) and Make to order (MTO) ... (Read 111 times)

jCorn1234

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on: Aug 1, 2018
What is the difference between Make to stock (MTS) and Make to order (MTO) environments?

Question 2

What do statisticians mean by the term accuracy?


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LegendaryAnswers

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Reply #1 on: Aug 1, 2018
Answer to Question 1

Read about Manufacturing Environments

Answer to Question 2

Accuracy is the difference between the observed sample statistic and the actual value of the population parameter being estimated. This may also be referred to as estimation error or sampling error.


jCorn1234

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Reply 2 on: Aug 1, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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