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Question: Time and motion A time-and-motion study measures the time required for an assembly-line worker to perform a repetitive task. The data show that the time required to bring a part from a bin to its position on an automobile chassis varies from car to car according to a Normal distribution with mean 11 seconds and standard deviation 2 seconds. The time required to attach the part to the chassis follows a Normal distribution with mean 20 seconds and standard deviation 4 seconds. The study finds that the times required for the two steps are independent. A part that takes a long time to position, for example, does not take more or less time to attach than other parts.
(a) What is the distribution of the time required for the entire operation of positioning and attaching a randomly selected part?
(b) Management's goal is for the entire process to take less than 30 seconds. Find the probability that this goal will be met for a randomly selected part.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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CAPM and Venture Capital
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