The data in the following table represent time study observations for a woodworking operation. a. Based on
Question:
a. Based on the observations* determine the standard time for the operation, assuming an allowance of 20 percent of job times.
b. How many observations would be needed to estimate the mean time for task 1 within I percent of its true value with a 95.5-percent confidence?
c. How many observations would be needed to estimate the mean time for task 1 within .01 minute of its true value with a 95.5-percent confidence?
Transcribed Image Text:
Observations (minutes per cycle) Task Performance Ratina 2 3 4 1.2 2 82 .59 6 1.20 I24 1.13 115 105 83 58 53 85 1.32* .54 87 .78 .52
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
a AF job 1 2 12 b 119 a 01 confidence 955 z 200 s 0358 362 round up to 37 c e 01 minu...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
Question Posted:
Students also viewed these Management Leadership questions
-
Refer to Scenario 3. The accuracy of a labor standard is to be within 5%, and the confidence level is 95% (Z = 1.96). What is the approximate sample size for Element 1? Scenario 3 The data in the...
-
Data Products, Inc., packages and distributes a variety of personal computer-related products. A time study has been conducted for a job packaging 3.5-inch personal computer diskettes for shipment to...
-
The results of a time study to perform a quality control test are shown in the following table. On the basis of these observations, determine the normal and standard time for the test, assuming a 23%...
-
Who was the petitioner? Who was the respondent? b. In what year was the case heard? c. What tax years did the case address? d. Who was the judge in the case? e. What was the basic issue in the case?...
-
In particular, if an industry has large numbers of complementors, does that make it more attractive or less attractive, or does it have no impact at all on the industrys attractiveness? Justify your...
-
Use the following time-series data to answer the given questions. a. Develop forecasts for periods 5 through 10 using 4-month moving averages. b. Develop forecasts for periods 5 through 10 using...
-
E19-10 Cool Cuts manufactures casual menswear. Eric Haynes, the CEO, is trying to decide whether to adopt just-in-time (JIT). He expects that in present-value terms, adopting JIT would save $113,000...
-
To prepare the statement of cash flows, accountants for Daisy Electric Company have summarized 2010 activity in two accounts as follows: Daisys 2010 income statement and balance sheet data follow:...
-
E20-21 Determining total variable cost For each variable cost per unit listed below, determine the total variable cost when units produced and sold are 25, 50, and 100 units. 0911 1) boxi.(Direct...
-
David Lowman and Sarah Martino had a tumultuous 14-year romance in which they intermittently lived together. When Lowman was diagnosed with a serious heart condition, Martino cared for him and put...
-
A recently negotiated union contract allows workers in a shipping department a total of 24 minutes for rest, 10 minutes for personal time, and 14 minutes for delays for each four- hour shifts worked....
-
What is the centre-of-gravity method, and when should it be used?
-
Johnson Supply Company is a large retailer of office supplies. It is organized into six regional divisions, five within the United States, and one international division. The fimri is growing...
-
Choose a private label product that you have seen and discuss the possible reasons for why the particular retailer introduced this private label product and explain its features in detail.
-
Understanding your behaviors can help you become a better leader. As discussed in module 4 our beliefs & values can be summed up as our 'personality'. In this assignment you are to examine your own...
-
This week we learned about assessing competition. Watch the video the History of the Cola Wars and answer the following questions. Using the frameworks from the text and the online lesson, why is...
-
Prior to developing your training programs, you must analyze your organizational military needs, identify employee skills gaps based on performance, and have resources available to support training...
-
Describe specifically how your firm's culture lines up with the bullet points listed for that firm . For instance, if you believe your organization's strategy priority is creativity-driven , then...
-
Can you name a business that you know of in which competition has increased significantly in the past few years? Why do you think competition has increased in this case?
-
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09 resistance. If the load power factor is 0.83 lagging, find the...
-
Data from the accounting and production records of Hasgrow Company are as follows: Managers wish to understand material, labor, and activity costs of each product to help guide their pricing...
-
Atlanta Airlines routinely overbooks its flight from Atlanta to Boston. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing...
-
Atlanta Airlines routinely overbooks its flight from Atlanta to Boston. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing...
-
The Blue Roof Inn overbooks two rooms a night. Room rates run $100 a night but cost only $30 to maintain Bumped customers are sent to a nearby hotel for $80 a night. What is the cost of overbooking?...
-
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
-
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
-
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...
Study smarter with the SolutionInn App