The Owner/operator of the Local Franchise of Handyman, Inc If He Uses the Shortest Processing Time First Priority Rule

question 44

Multiple Choice

The owner/operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received: $$\begin{array} { l c c } \text { Job } & \text { Processing } & \text { Due } \\&\text { Time (hrs) } & \text { (hrs from now) } \\\hline \mathrm { W } & 4 & 4 \\\mathrm { X } & 3 & 5 \\\mathrm { Y } & 2 & 2 \\\mathrm { Z } & 1 & 1\end{array}$$ If he uses the shortest processing time first priority rule to schedule these jobs, what will be the average job tardiness?

• A) 0 hours
• B) 1.5 hours
• C) 1.75 hours
• D) 2 hours
• E) 2.25 hours

---

Definitions:

Risk Premium

The extra return over the risk-free rate that investors require to compensate them for the risk of holding a risky asset.

Risk Aversion

A person's or entity's reluctance to take risks, preferring lower returns with known risks over higher returns with unknown risks.

Total Risk

The complete range of possible risks, including both systematic and unsystematic risks, that can affect the value of an investment.

Portfolio Returns

The gain or loss on an investment portfolio over a period of time, reflecting the overall performance of the investments.