In a Study to Determine the Least Amount of Time

question 17

Multiple Choice

In a study to determine the least amount of time necessary to clean an SUV while maintaining a high quality standard, the owner of a chain of car washes designed an experiment where 20 employees were divided into four groups, each with five members. Each member of each group was assigned an SUV to clean within a certain time limit. The time limits for the groups were 20
Minutes, 25 minutes, 30 minutes, and 35 minutes. After the time limits for each group had expired, the owner inspected each SUV and rated the quality of the cleaning job on a scale of 1 to 10. What are the possible values of the response variable?

• A) the time limits: 20 min, 25 min, 30 min, 35 min
• B) the quality ratings: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10
• C) the number of employees in each group: 5
• D) the number of groups: 4

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Definitions:

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest of the shareholders.

Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a company at a specific point in time, giving a snapshot of its financial condition.

Liabilities

Financial obligations or debts that a company owes to others, such as loans, accounts payable, and mortgages.

Purchasing Policy

The price and timing of raw materials and other goods and services necessary to build, sell, and support products.