The Total Output from a Production System in One Day

question 2

Multiple Choice

The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours.Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?

• A)1.000
• B)1.428
• C)0.700
• D)0.411
• E)None of these

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Definitions:

Confidence Interval

A statistical measure that provides, with a specified probability, a range of values within which a population mean is likely to lie.

Statistical Measure

A quantitative value representing a summary or characteristic of a set of data, such as mean, median, or standard deviation.

Significance Test

A statistical test used to determine if the results of an experiment are likely to be due to chance or if they are significant in terms of supporting a hypothesis.

Longitudinal Study

A research design that involves repeated observations of the same variables over short or long periods of time.