There are four estimates made for the anticipated cycle time to produce a subcomponent. The estimates, in

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There are four estimates made for the anticipated cycle time to produce a subcomponent. The estimates, in seconds, are 10, 20, 30, and 50.

(a) If equal weight is placed on each estimate, what is the expected cycle time?

(b) If the largest time is disregarded, what is the percent reduction in the expected time?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:38 AM

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There are four estimates made for the anticipated cycle time to produce a subcomponent. The estimates, in

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Engineering economy

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