High physical demands of the job

Assignment Help Finance Basics

Reference no: EM13790193

1. Peter Rourke, a loan processor at Wentworth Bank, has been timed performing four work elements, with the results shown in the following table. The allowances for tasks such as this are personal, 7%; fatigue, 10%; and delay, 3%.

a) What is the normal time?

b) What is the standard time?

2. The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling activity are shown in the following table. Because of the high physical demands of the job, the company's policy is a 23% allowance for workers.

a) Compute the standard time for the bag-packing task.

b) How many observations are necessary for 99% confidence, within {5% accuracy?)

3. If Professor Laurie Macdonald takes 15 minutes to grade the first exam and follows an 80% learning curve, how long will it take her:

a) to grade the 25th exam?

b) to grade the first 10 exams?

4. Beth Zion Hospital has received initial certification from the state of California to become a center for liver transplants. The hospital, however, must complete its first 18 transplants under great scrutiny and at no cost to the patients. The very first transplant, just completed, required 30 hours. On the basis of research at the hospital, Beth Zion estimates that it will have an 80% learning curve. Estimate the time it will take to complete:

a) the 5th liver transplant.
b) all of the first 5 transplants.
c) the 18th transplant.
d) all 18 transplants.

5. Beth Zion Hospital has just been informed that only the first 10 transplants must be performed at the hospital's expense. The cost per hour of surgery is estimated to be $5,000. Again, the learning rate is 80% and the first surgery took 30 hours.

a) How long will the 10th surgery take?
b) How much will the 10th surgery cost?
c) How much will all 10 cost the hospital?

Reference no: EM13790193

Questions Cloud

Find and research three engineering failures or disasters : Find and research three engineering failures or disasters. Write separate papers on each of the 3 events covering the following items.

Exhibited between balancing the constitutional rights : Prepare a paper detailing the differences exhibited between balancing the constitutional rights of prisoners and the functions of the jail or prison

Collection and identification of digital evidence process : How would omitting one of these forensic procedures negatively affect either the investigation or prosecution process?

Discuss the importance of quality in a firm : Discuss the importance of quality in a firm's financial statements and how you would go about evaluating the quality of a firm's financial statement.

High physical demands of the job : The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling activity are shown in the following table. Because of the high physical demands of the job, the company's policy is a 23% allowance for workers.

Describe your competencies and how they reflect your work : Describe your competencies and how they reflect your work culture preferences. Do these competencies intersect with your potential career? Explain.

Describe the key functions that joint commission provides : Conduct some independent research, and in a 2 page Word document, describe the key functions that The Joint Commission provides to healthcare organizations as well as its purpose to the medical community in general

Significant challenges associated with facial reconstruction : What do you think are the most significant challenges associated with facial reconstruction? Explain.

How does program influence decision to purchase : From the perspective of the consumer, how were the paybacks structured and how might they be restructured to entice you at an equal or lower cost of insurance. How does the program influence your decision to purchase,

User Account

All Pages