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An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.40 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 125 percent. Assume an allowance of 16 percent of job time. Find the standard time for this operation. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Standard time
minutes
The Environment Ministry in Japan proposed new carbon tax in order to meet Japan obligations to decrease carbon dioxide emissions under Kyoto Treaty.
Discuss how you can use the laws of demand and supply to explain the following scenarios: After world gasoline prices jumped in the late 2000s, global bicycle sales rose to more than 1 million per month. the employees at the gasoline station would ha..
Records show that 12% of all college students are foreign students who also smoke. It is also known that 60% of all foreign college students smoke. What percent of the students at this university are foreign?
Under U.S. copyright law, authors have the exclusive right to their writings during their lifetimes – unless they sell this right, as most authors do to their publishers – and their heirs retain this exclusive right for 70 years after their death. Di..
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
If an Italian investor sells U.S. government securities to a U.S. buyer, how will this item be entered in the balance of payments?
George purchased a $10,000 bond that pays a nominal interest rate of 8 percent per year. George's marginal income tax rate is 28 percent. Over the last year, inflation was 3 percent. Find George's before-tax real interest rate and his after-tax real ..
Suppose the own price elasticity of market demand for retail gasoline is -0.7, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $2,150,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Calculate (to one decimal place) the unemployment rate, the employment-to-population ratio, and the labor force participation rate. In addition, please calculate what the unemployment rate would have been if individuals who were involuntarily employe..
Should companies have a big role in improving the world? Do you think the pharmaceutical businesses have a social responsibility to make drugs that will combat diseases that are a result of poor living conditions, even though profits will be limited?..
A city is considering four alternatives for housing development projects. Given an interest rate of 10% per year and the data in the table, determine: 1 2 3 4 FW of first cost, $ 10,000 10,500 18,000 12,000 FW of benefit, $ 20,000 11,000 25,000 26,00..
What is the difference between customer satisfaction and customer loyalty? Why is it important to distinguish between these two concepts?
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