THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The finishing process on new furniture leaves slight blemishes.The following table displays a manager's probability assessment of the number of blemishes in the finish of new furniture.For each piece of furniture coming off the line it takes 15 minutes to pack for shipping.In addition,fixing the blemishes take another 2 minutes for each blemish.
-What is the variance of the time it takes between the time a piece of furniture comes off the line and is ready to ship?
Definitions:
Demonetization
The act of stripping a currency unit of its status as legal tender, usually to replace it with new notes or coins.
Political Instability
A situation where a country experiences changes in its political environment that can affect its government's ability to govern effectively.
Depreciation
A decrease in the value of one currency relative to another currency.
Economic Disaster
An economic disaster refers to a sudden and severe downturn in the economy, leading to significant financial loss, high unemployment rates, and often a decline in the standard of living.
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