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A machine makes a floor lamp model and a desk lamp model.The setup time for either lamp is 10 minutes.A floor lamp can be produced in 3 minutes and a desk lamp can be produced in 2 minutes.125 floor lamps are needed per day and 100 desk lamps are needed per day.Calculate how much setup times should be reduced if the batch sizes are reduced to 20?
Correspondence Bias
The tendency to attribute a person's behavior to their disposition or personality while underestimating situational influences.
Simulation Heuristic
The tendency to judge the frequency or likelihood of an event by the ease with which you can imagine (or mentally simulate) it.
Representativeness Heuristic
The tendency to judge the frequency or likelihood of an event by the extent to which it resembles the typical case.
Actor/observer Bias
The tendency to attribute one's own actions to external factors while attributing others' actions to their character or disposition.
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