The Assembly Time for a Product Is Uniformly Distributed Between

question 15

Multiple Choice

The assembly time for a product is uniformly distributed between 6 to 10 minutes. The standard deviation of assembly time (in minutes) is approximately

• A) 1.3333.
• B) 1.1547.
• C) 0.1111.
• D) 0.5773.

---

Definitions:

Individual Marginal Benefits

The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.

Consumer

An individual or group that purchases goods or services for personal use.

Marginal Cost

The cost of producing one additional unit of a good or service, which is used in determining the optimal production level.

Streetlight

A light, typically mounted on a pole, providing illumination for a street or public area to enhance safety and visibility at night.