How many observations should a time study analyst plan for in an operation that has a standard
Question:
How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate the mean time per piece to within .4 minute with a confidence of 95.5 percent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
Given An operation has a standard deviation of 15 minutes per piece The go...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
How many observations should a stopwatch time study analyst plan for in an operation that has a standard deviation of 1.5 minutes per piece if the goal is to estimate tire mean time per piece to...
-
For a population that has a standard deviation of 10, figure the standard deviation of the distribution of means for samples of size (a) 2. (b) 3. (c) 4. (d) 9.
-
For a population that has a standard deviation of 20, figure the standard deviation of the distribution of means for samples of size (a) 2. (b) 3. (c) 4. (d) 9.
-
Communication: What are the characteristics of effective communication relevant to your team project submission? Relate to theory. Provide a minimum of 4. ( 8 ) Assess your communication...
-
Costs have been compiled for a certain manufacturing company for the most recent year. The summary is shown in the table below. The company operates two different manufacturing plants, plus a...
-
Define genetic drift, and provide an example of how genetic drift can cause a population to evolve.
-
More CPIs. In addition to the national CPI, the BLS publishes CPIs for 4 regions and for 37 local areas. Each regional and local CPI is based on just the part of the national sample of prices that...
-
On September 1, 2017, the account balances of Beck Equipment Repair, Ltd. Were as follows. During September, the following summary transactions were completed. Sept. 8 Paid £1,700 for salaries...
-
What is the differences between the binomial option pricing model and the Black-Scholes-Merton model?
-
Kaitlin Carlton, a CPA sole practitioner, prepares tax returns each year for approximately 100 clients. Items 1 through 8 each represent an independent factual situation in which Kaitlin has prepared...
-
The data in the table below represent time study observations for a woodworking operation. a. Based on the observations, determine the standard time for the operation, assuming an allowance of 15...
-
How many work cycles should be timed to estimate the average cycle time to within 2 percent of the sample mean with a confidence of 99 percent if a pilot study yielded these times (minutes): 5.2,...
-
Leonhard Euler is considered one of the greatest mathematicians of all time. Do research and write a report on Eulers life. Include information on his contributions to sets and to logic. Also...
-
From Hoffman, what are the symptoms of autism and ADHD? From the Mayo Clinic, what are the causes and risk factors for autism and ADHD? What are treatment options for these disorders? Hofmann, S. G....
-
Brooks, a participant in the Zappa retirement plan, has requested a second plan loan. His vested account balance is $80,000. Brooks borrowed $27,000 eight months ago and still owes $18,000 on that...
-
Suppose that Angelina and Brad own the only two professional photography stores in town. Each must choose between a low price and a high price for senior photo packages. The annual economic profit...
-
based on the article How Chili's Is Prepping for Tough Times, Starting With the Fries by Heather Haddon. What is corporate social responsibility, and what is one way that Chili's can better pursue...
-
QUESTION 2 (20 marks) CLO 5 a. Explain what the following ratios indicate to a firm: (i) Acid Test Ratio (ii) Return on Capital Employed (ROCE) (iii) Debtors Collection Period (iv) Working Capital (2...
-
You have been asked to analyze the value of equity in a company that has the following features: The earnings before interest and taxes is \($25\) million, and the corporate tax rate is 40%. The...
-
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
-
To map the distance between molecular markers via testcrosses, the markers must be a. polymorphic. b. monomorphic. c. fluorescently labeled. d. on different chromosomes.
-
Briefly discuss supplier relations in JIT/lean in terms of the following issues: a. Why are they important? b. How do they tend to differ from the more adversarial relations of the past?
-
What is 5S and why is it important?
-
What is value stream mapping and why is it important?
-
TestAnswerSavedHelp opens in a new windowSave & ExitSubmit Item 1 7 1 0 points Time Remaining 1 hour 2 0 minutes 1 8 seconds 0 1 : 2 0 : 1 8 Item 1 7 Time Remaining 1 hour 2 0 minutes 1 8 seconds 0 1...
-
Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Lansing Company's current-year income statement and selected balance...
-
In the context of portfolio theory, what is diversification primarily intended to do ? A ) Increase returns. B ) Reduce risk. C ) Maximize tax efficiency. D ) Simplify investment management.
Study smarter with the SolutionInn App