Examlex
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 15 and 21 minutes.
Allocation
The process of distributing resources or costs among various projects, departments, or periods.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.
Profit Margin
A financial metric used to evaluate a company's financial health by revealing the percentage of revenue that exceeds the cost of goods sold.
Investment Turnover
A financial ratio indicating how effectively a company is using its invested capital to generate sales or revenue.
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