During a Time Study,the Following Times Were Observed for a Particular

question 39

Multiple Choice

During a time study,the following times were observed for a particular job using the continuous (non-snapback) method: 22,51,72,98,128,and 150 seconds.There is only one element per cycle.The sample standard deviation of the observed times has already been computed as 3.9 seconds.If an estimate for the average time that is within 4 percent of the true long-range average 95 percent of the time is desired,how many additional observations are needed?

• A) Fewer than or equal to 40
• B) Greater than 40 but fewer than or equal to 55
• C) Greater than 55 but fewer than or equal to 70
• D) Greater than 70

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Definitions:

Capitalized

The process of recording an expenditure as an asset, rather than an expense, thereby spreading the cost over its useful life.

Franchisor

A business entity that grants the right to use its trademark, name, and business model to other businesses (franchisees).

Annual Fee

A recurring charge paid yearly for the access to a product or service.

Software Production Costs

Expenses associated with the development, design, and implementation of software, which may be capitalized or expensed depending on the stage of development.