The _____ Is the Middle Value of a Distribution When

question 17

Multiple Choice

The _____ is the middle value of a distribution when the distribution is ordered in either an ascending or a descending sequence.

• A) mean
• B) median
• C) mode
• D) average
• E) variance

Apply trial-and-error methods to find improved assignments in workspaces.

Understand the concept of takt time and how it applies to production efficiency.

Apply precedence relationships and task assignments to balance assembly operations.

Calculate the theoretical minimum number of stations and efficiency of an assembly line.

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Definitions:

Industry

A group of firms producing similar products or services that serve the same market.

Profits

The financial gain achieved when the revenue from business activities exceeds the costs and expenses involved in operating.

Market Economy

An economic system where the prices of goods and services are determined in a free price system, set by supply and demand.

Efficient

Pertaining to a system or process that operates in a way that maximizes output with minimal waste, effort, or expense.