The daily output required from an assembly line is 300 units. If the line operates 5 hr a day, what is the cycle time per unit?
A. 1 hr
B. 4 min
C. 1 min
D. 25 s
C. 1 min
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Explain the term "cost driver" and give several examples
Billy is driving to the beach for spring break. Before leaving on his trip, he takes some cold medicine that makes him sleepy. He falls asleep at the wheel and collides with another car on the highway and breaks his leg
In this context, which of the following is the hazard? A) Spring break B) Knowing how to drive C) Taking the medicine D) Broken leg
Which of the following are characteristics of an expansionary fiscal policy?
I. Increased government spending on infrastructure projects. II. Reduction in defense and education budgets. III. Reduction in employment taxes. IV. Reduction in government borrowing. A) I and III only B) II and III only C) I, II and IV only D) I, II, III and IV
The proprietor of a boutique in New York wanted to determine the average age of his customers. A random sample of 25 customers revealed an average age of 28 years with a standard deviation of 10 years. Determine a 95% confidence interval estimate for the average age of all his customers. Assume the population of customer ages is normally distributed