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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.
Scott Equipment Organization is investigating various combinations of short- and long-term debt in financing assets. Assume the organization has decided to employ $10 million in cu
While patrolling for illegal border crossings and drug dealers, agents of the U.S. Border Patrol spotted 15 to 20 people being loaded into a van at the rear entrance to a restauran
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 t
Important of Production Planning The importance of production planning maybe judged form the following facts. 1. Production Planning Sets Objectives: Production planning se
Wonka Confectioners most recent FCF was $48 million, which is expected to grow at a constant rate of 6%. The firms WACC is 12% and it has 15 million shares of common stock outstand
What is the yield to maturity of a bond that pays an 3% coupon rate, matures in 15 years, and is currently selling for $850? a.) 8.75% b.) 4.37% c.) 4.39% d.) 17.50%
Why are standards important in many industries? As standards get adapted and become dominant, how does this process influence the competitive nature of the industry? When Walmar
Explain how the following somewhat match each other: • functional structure with simple structure • divisional structure with departmentalization by product • machine bureaucracy w
Cunningham Performance Auto, Inc., modifies 375 autos per year. The manager, Peter Cunningham, is interested in obtaining a measure of overall performance. He has asked you to prov
Howard Weiss, Inc., is considering building a sensitive new airport scanning device. His managers believe that there is a probability of 0.40 that the ATR Co. will come out with a
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