Suppose You Measure the Number of Minutes It Takes an Employee

question 19

Multiple Choice

Suppose you measure the number of minutes it takes an employee to complete a task,where the maximum allowed time is 5 minutes,and each time is rounded to the nearest minute.Data from 130 employees is summarized below.How long did it take most employees to complete the task? $$\begin{array} { | l | c c c c c | } \hline \text { Time (minutes) } & 1 & 2 & 3 & 4 & 5 \\\hline \text { Frequency } & 25 & 40 & 50 & 35 & 30 \\\hline\end{array}$$

• A) 5 minutes
• B) 3 minutes
• C) 30 minutes
• D) 50 minutes

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Definitions:

Macroeconomic Activity

The total economic activities and interactions at a national or global level, including production, consumption, saving, and investment.

Nondiscretionary Fiscal Policy

Government policies related to taxation and spending that automatically adjust without the need for explicit action by policy makers.

Legislative Changes

Modifications or alterations to existing laws enacted by a legislative body that can affect various sectors of the economy or society.

Budget Deficit

The financial situation in which a government's expenditures exceed its revenues within a specific period, leading to borrowing or debt accumulation.