Eight Instances of a Worker Doing a Task Were Observed

question 23

Short Answer

Eight instances of a worker doing a task were observed as follows: $$\begin{array} { l r r r r r r r r } \text { Observation } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\hline \text { Time (seconds) } & 17 & 18 & 15 & 14 & 13 & 15 & 16 & 12\end{array}$$ If the person observed worked at a pace that is 80 percent of normal, and if the appropriate allowance for this task is 25 percent of job time, what should be the standard time?

Analyze the global prevalence of polygyny and its cultural significance.

Understand succession, child-rearing practices, and the extended family's role in various cultures.

Understand the roles and responsibilities of entrepreneurs in business development.

Recognize the motivations behind becoming an entrepreneur.

---

Definitions:

Fixed Costs

Expenses that do not change with the level of output or activity, such as rent, salaries, and insurance premiums.

Break-Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Profit And Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.