An Industrial Engineer Is Conducting a Time Study for a Work

question 85

Multiple Choice

An industrial engineer is conducting a time study for a work element. The select time is 7.5 minutes, and the sample standard deviation of the observed time is one minute. What is the appropriate sample size if the estimate is to be 3 percent of the True average time 95 percent of the time (z = 1.96) ?

• A) fewer than or equal to 70
• B) greater than 70 but fewer than or equal to 80
• C) greater than 80 but fewer than or equal to 90
• D) greater than 90

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Definitions:

People

In a marketing context, refers to the customers, employees, management, and other stakeholders involved in a business's operations and success.

Marketing Mix

The set of controllable marketing variables that a company uses to influence consumer response, traditionally categorized as product, price, place, and promotion.

Competitors' Products

Goods or services offered by rivals in the same market that compete for the same customer base or market share as one's own products.

Cluster of Benefits

A grouping of advantages or positive outcomes that a product or service offers to its customers, often used in marketing to highlight value.