Acme Global Sent 100 Workers to Training to Decrease Defects

question 48

Essay

Acme Global sent 100 workers to training to decrease defects on the assembly line.In the past year, there have been 2,000 defective products created at a cost of $100 each.In the year following training, only 1,000 defective products were created.Training cost $100 per worker.What is the ROI on the training?

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Definitions:

High-Value

Referring to objects, services, or properties that possess a considerable worth or quality.

Expected Value

A calculation used in statistics and gambling to determine the average outcome of a series of random events, taking into account all possible scenarios and their probabilities.

Low-Value

Describes products, services, or assets that are considered to have a minimal worth or importance in comparison to others.

Bid-Rigging Cartel

An illegal agreement among competitors to fix bidding prices, eliminating competition in the market.