The Amount of Time Necessary for Assembly Line Workers to Complete

question 65

Short Answer

The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes.The probability is
that a product is assembled in more than 11 minutes.

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Definitions:

Sales

Sales involve the exchange of goods or services for payment or currency and constitute the operations and activities involved in promoting and selling goods or services.

Price

The amount of money required to purchase a good, service, or asset.

Coefficient Of Determination

A statistical measurement that assesses the proportion of the variance in the dependent variable that is predictable from the independent variable(s).

SST

Abbreviation for "Total Sum of Squares," which measures the total variance in a dataset.