This year, Major Healy paid $40,000 of interest on a mortgage on his home (he borrowed $800,000 to buy the residence in 2015; $9
1 answer:
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Answer: 204.76%
Explanation:
In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.
Thus, the productivity in terms of units per labor hour is as follows:
= 1.05
Similarly, after the process improvement, the productivity in units per labor hour would be:
= 3.2
Thus change in productivity would be calculated as:
= 2.047 × 100
= 204.76%
Thus, the productivity of non defective parts would increase by 204.76%.
Answer: 19.93 minutes
Explanation:
This is the complete question
Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution
The solution is attached below
