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 the above

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Definitions:

Uniform Probability Distribution

A distribution in which all outcomes are equally likely to occur within a certain range.

Expected Value

The long-run average value of repetitions of the same experiment or random trial.

Triangular Distribution

A probability distribution with a shape formed by a triangle, which is specified by a minimum, a maximum, and a mode value.

Expected Value

The weighted average of all possible values of a random variable, taking into account their probabilities.