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At a local manufacturing plant, employees must complete new machine set ups within 30 minutes.New machine set-up times can be described by a normal model with a mean of 22 minutes and a standard deviation of four minutes.The typical worker needs five minutes to adjust to his or her surroundings before beginning duties.What percent of new machine set ups are completed within 25 minutes to allow for this?
Specialization
A production strategy where a business or country focuses on producing a limited range of goods or services to gain greater degrees of productive efficiency within an overall system.
Collective Discrimination
Discriminatory practices or attitudes shared and enacted by a group towards others, often based on race, gender, or ethnicity.
Wage Rate
The amount of money paid per unit time to an employee for their labor.
Employment
The state of having a paid position of regular work, contributing to an individual's ability to earn income and participate in economic activities.
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