The Time That It Takes a Randomly Selected Employee to Perform

question 19

Essay

The time that it takes a randomly selected employee to perform a certain task is approximately normally distributed with a mean value of 120 seconds and a standard deviation of 20 seconds. The slowest 10% (that is, the 10% with the longest times) are to be given remedial training. What times qualify for the remedial training?

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Definitions:

Cost Centers

Parts of an organization where costs are accumulated for internal accounting purposes but do not directly generate revenue.

Flexible Budget Data

Financial information that adjusts based on changes in activity levels, often used for performance evaluation.

Profit Center

A branch or division of a company that is treated as a separate unit for the purpose of assessing its profitability.

Responsibility Report

Financial reports that track the performance of segments, departments, or managers within an organization against their budgeted or forecasted figures.