A brake system installer in an auto factory has an actual average time of 10 minutes on her task. The performance rating of the worker timed was estimated at 110%. Practice in this department is to allow 9% for allowances
a. Find the normal time for the operation.
b. Compute the standard time for the operation.
a. Normal time = (10 minutes)(1.10 ) = 11 minutes
b. Standard time = = = 12.09 minutes
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When a customer says, "I would rather not tie up my money in a large order," the resistance most likely falls into which category?
A) time B) product C) price D) source E) process
If computing a causal linear regression model of Y = a + bX and the resultant r2 is very near zero, then one would be able to conclude that
A) Y = a + bX is a good forecasting method. B) Y = a + bX is not a good forecasting method. C) a multiple linear regression model is a good forecasting method for the data. D) a multiple linear regression model is not a good forecasting method for the data. E) None of the above