A 60-year old man wants to trade in and out of the market on a daily basis. he has the investment objectives of income and capit
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Answer:
The assembly line efficiency is 4.17% (to 2 decimal places)
Explanation:
Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:
Assembly line efficiency = (actual output) /(required output) × 100
actual output = 25 minutes
if 5 minutes = 1 unit
∴ 25 minutes = 1/5 × 25 = 5 units
∴ actual output = 5 units
required output = 120 units
∴ efficiency =
= 4.17%