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Table H.1
A worker was observed for four cycles in a repetitive task that contains four distinct elements. The observer recorded the following items in seconds, using the snap-back method:
-The observer assigned a performance rating factor of 1.10 to the worker and the company employs an allowance factor of 15%. What is the normal time for Element 2?
Factor Analysis
A statistical strategy for identifying key variables, or factors, that elucidate the correlation patterns observed within a set of variables.
Statistical Technique
A method used in the collection, analysis, interpretation, or presentation of data.
Continuously Compounded Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Simple Interest
Interest earned only on the original principal amount invested.
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