The Amount of Time Necessary for Assembly Line Workers to Complete

question 142

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 between 14 and 16 minutes.

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Definitions:

Compensating Differential

The variation in wages that arises to offset the desirability or undesirability of a job attribute, like risk or location.

Prison Guard

A security officer who works in a prison and is responsible for the supervision, safety, and security of prisoners.

Parole Officer

A law enforcement agent who supervises offenders who have been released from prison on parole, ensuring they comply with parole conditions.

Wealth

An abundance of valuable material possessions or resources; the total of all assets owned by an individual or organization minus liabilities.