The Majors Company Collected the Following Information (In Days) -
What Is the Manufacturing Cycle Efficiency?
A) 61

question 7

Multiple Choice

The Majors Company collected the following information (in days) :
$$\begin{array} { | l | r| } \hline \text { Inspecting product } & 4 \\\hline \text { Transporting product } & 6 \\\hline \text { Storing product } & 15 \\\hline \text { Marufacturing product } & 40\\\hline\end{array}$$
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What is the manufacturing cycle efficiency?

• A) 61.5%.
• B) 72.7%.
• C) 87.0%.
• D) 27.3%.

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Definitions:

Seasonal Effect

A pattern observed in data that occurs at regular intervals throughout a year due to season-specific events or behaviors.

Trend and Seasonality

Components of time series data analysis, where trend refers to the long-term movement, and seasonality refers to patterns within a fixed period.

Deseasonalized Time Series

A time series from which seasonal effects have been removed, allowing for the clearer identification of trends and patterns.

Cyclical Effects

Economic or market changes that occur in predictable cycles, often related to changes in business activity, interest rates, and economic policies.