A Standard Time Is the Amount of Time It Should

question 140

True/False

A standard time is the amount of time it should take a fully trained and qualified worker to complete a specific task, working at an efficient, yet sustainable pace, using their choice of methods, tools, equipment, and workplace arrangement.

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Definitions:

Joint Probability

The likelihood of two or more events occurring at the same time in a probabilistic framework.

Independent

In statistics, refers to variables or events that are not affected by other variables or events within the scope of the analysis.

Mutually Exclusive

Describes events that cannot occur at the same time, meaning the occurrence of one event excludes the occurrence of another.

Conditional Probability

The probability of an event occurring given that another event has already occurred, often calculated to take into account prior knowledge.