A Drafting Department Supervisor Estimates That 575 Hours of Drafting

question 6

Short Answer

A drafting department supervisor estimates that 575 hours of drafting will be spent during a specific month. In fact, 610 hours are logged for that month. Find the percent to the nearest tenth percent accuracy of the estimate.

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Definitions:

Positive Economic Analysis

An objective approach to economics that focuses on describing and explaining economic phenomena without making normative judgments.

Fallacy of Composition

Erroneous view that what is true for the individual (or the part) will also be true for the group (or the whole).

Association

An organization or group of individuals who voluntarily come together to achieve common goals, often representing a profession, industry, or interest.

Causation

The relationship between cause and effect where one event or action directly leads to another event or action as a result.