The Amount of Time Necessary for Assembly Line Workers to Complete

question 62

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.So,70% of the products would be assembled within minutes.

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Definitions:

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred share that accrues dividends in case they are not paid out in the year they are due, ensuring dividends are paid out before any are distributed to common shares.

Marginal Income Tax Rate

The proportion of tax levied on your earnings for every tax bracket you fall into.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, representing the interest an investor would expect from a completely safe investment.