Number of Full Time Equivalents = _____

question 48

Multiple Choice

Number of Full Time Equivalents = _____.

• A) total annual hours paid for all employees divided by the total output of all full-time employees
• B) total output of all full-time employees divided by the total annual hours paid for all employees
• C) total annual hours paid for all employees divided by the number of hours a full-time employee is scheduled to work
• D) number of hours a full-time employee is scheduled to work divided by the total annual hours paid for all employees

---

Definitions:

Sample Space

The collection of every potential result that can emerge from a statistical experiment.

Mutually Exclusive

A statistical term describing events that cannot occur at the same time.

Collectively Exhaustive

A condition where a set of events covers all possible outcomes, ensuring that every possible scenario is accounted for.

Probability

The quantification of an event's chance of happening, represented as a number from 0 to 1.