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Assume that an assembly line has three tasks that must be completed (in order, A, B, and C) . The tasks have processing times of 12, 15, and 10 minutes per unit, respectively. If the assembly line operates for 480 minutes per day with a desired output of 50 units per day, what is assembly line efficiency?
Nearest 0.01%
Rounding to the closest one-hundredth of a percent, often used in financial calculations to ensure precision.
Terminating Decimal
A decimal fraction that comes to an end or has a finite number of digits after the decimal point.
Five-Figure Accuracy
A level of precision where a numerical value is rounded to the nearest ten-thousandth place, representing the first five significant digits.
Terminating Decimal
A decimal fraction that has a finite number of digits after the decimal point.
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