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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. What are the formulas to solving these problems? Thanks
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Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the followi
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What is a current, struggling product?
The following table shows the activity details of a project. What the earliest the project can be completed? Activity Days Predecessor ctivities A 4 - B 5 - C 3 A D 5 A E
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