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1. How is a standard time determined by time study?
Answer: The job is broken into well-defined short elements, which are then repeatedly timed by stopwatch, the worker's rate being simultaneously assessed. The average observed time is then multiplied by the rating and divided by the standard rating of 100, to obtain the basic time. To this, relaxation and contingency allowances are added to obtain the standard time.
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is
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