The Amount of Time Necessary for Assembly Line Workers to Complete

question 42

Short Answer

The amount of time necessary for assembly line workers to complete a product is a normal random variable with a mean of 15 minutes and a standard deviation of 2 minutes. The probability is ________ that a product is assembled in more than 19 minutes.

---

Definitions:

Loss

Refers to when a company's expenditures exceed its revenues during a specific period of time, resulting in a negative profit.

Revenue Expenditures

Operating expenses that are fully expensed in the accounting period when incurred and primarily related to the maintenance and repair of assets.

Balance Sheet Expenditures

Expenses that are reflected in the balance sheet, usually through an adjustment of assets or liabilities.

Commercial Substance

A concept that an economic transaction has a significant impact on the future cash flows of a company, justifying its recognition.