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To determine the standard working time for a special job, following observation data is collected: Observation 1 2 3 4 5 6 7 8 Time (in second) 17 18 15 14 13 15 16 13 a) If the person observed worked at a pace that is 80 percent of normal, and if the appropriate allowance for this task is 25 percent of job time, what should be the standard time? b) How many observations would be needed to be 95% confident that the maximum error in the observed time is 1 second? Assume that the standard deviation of the task time is 2 seconds. c) How many observations would be needed to be 99 % confident that the maximum error is 5% of the observed time? Assume that the standard deviation of the task time is 2 seconds.
Are there any additional methods not mentioned in the readings that would assist your organization's change management strategy?
A newly opened car wash station has a car wash machine . the machine washes each car in a constant rate of 5 minutes per car. it has been estimated that costumers will arrive according to a poisson distribution at an average of 8 per hour.
The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimize the sum of dock costs and driver-truck costs.
What is risk? How does risk differ from uncertainty? How does it impact a business? Can a factory be fast, dependable, flexible, produce high-quality products, and still provide poor service from a customer's perspective?
Given that traditional US firms such as IBM have over 70 percent of their employees and almost two-thirds of revenues come from outside the united states
Are we or are we not willing to apply concept of victim precipitation to this crime. Illustrate what role does media also public opinions have in elucidated how we handle issue of victim precipitated occurrence of this crime.
About explain how many runs per year would there be. Explain how much could business save annually if setup cost could be reduced to $25 per run.
manufacture of business copier workstations has a 75 percent customer retention rate. ir accounting department approximates incremental contribution to profit and overhead as 40 percent. Determine average value of a loyal customer.
Identify some of the key processes that need improvement in your organization associated with the following: sales, marketing, customer service, supply chain management
The Multifacted Garden Store uses two forecasting techniques to predict annual national sales of their lawnmowers at their various franchises.
Suppose which daily usage is normal also which it has a standard deviation of 1.5 gallons per day. Elucidate what ROP is appropriate if the acceptable risk of a stock out is 2 %.
Illustrate what is the break-even point in dollars for all food sales. Illustrate what is the realistic sales estimates.
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