Given the Following Work Sampling Data, Based Upon 100 Random

question 9

Short Answer

Given the following work sampling data, based upon 100 random observations of a particular worker: $$\begin{array} { l c } \text { Activity } & \text { Times Observed } \\\hline \text { A } & 20 \\\text { B } & 50 \\\text { C } & 10 \\\text { Others } & 20\end{array}$$ What is the estimated proportion of time this worker spends on activities B and C?

---

Definitions:

Interest Calculations

The process of determining the amount of interest owed or earned over a specified period of time, based on a given rate and principal amount.

Merchandise

Goods available for sale in a retail or wholesale environment.

Journalize

The act of recording transactions in an accounting journal in chronological order.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense on the income statement.