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The Time That It Takes a Randomly Selected Employee to Perform

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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?


Definitions:

Market Price

The current market price for buying or selling a service or asset.

Net Present Value

A calculation used to assess the profitability of an investment or project by summing the present values of all cash inflows and outflows associated with it.

Equity-Financed

A term describing a business that is funded through the sale of equity or shares to investors, rather than through borrowing or debt.

Price Per Share

The amount of money that one share of a company's stock is worth at a given time, reflecting what investors are willing to pay for a piece of the company.

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