Suppose You Measure the Number of Minutes It Takes an Employee

question 3

Multiple Choice

Suppose you measure the number of minutes it takes an employee to complete a task,where the maximum allowed time is 5 minutes,and each time is rounded to the nearest minute.Data from 130 employees is summarized below.How long did it take most employees to complete the task? ​

• A)5 minutes
• B)3 minutes
• C)30 minutes
• D)50 minutes

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Definitions:

Plant Asset

Long-term tangible assets that are used in the operation of a business and not expected to be converted to cash in the short term.

Salvage Value

An estimation of the residual worth of an asset at the conclusion of its effectiveness.

Retired

The status of no longer being active in one's profession or job due to reaching a certain age or voluntary choice, often resulting in pension or retirement benefits.

Fully Depreciated

The state of an asset when its book value is reduced to zero through depreciation, signifying it has recognized the expense of its full useful life.