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A Methods and Measurements Analyst for Timepiece,Inc.needs to develop a time standard for the task of attaching a watch to a wristband.In a preliminary study,he observed one of his employees perform this task five times,with the following results: What is the standard time (ST) for this task if the employee worked at a twenty percent faster pace than is average,and an allowance of twenty percent of job time is used?
Sampling Distribution
The probability distribution of a given random-sample-based statistic.
Variances
A measure of the dispersion or spread in a set of data points, indicating how much the values in a dataset differ from the mean.
Mean
The average of a set of numbers, calculated by adding them together and dividing by the count of the numbers.
Random Samples
A group of people selected from a larger pool where every person has the same probability of being chosen.
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