What Is the Average Lateness of These Seven Jobs If

question 10

Multiple Choice

What is the average lateness of these seven jobs if they are scheduled using the earliest due date criterion? $$\begin{array} { | c | c | c | } \hline \text { Job } & \text { Process Time } & \text { Due Date } \\\hline \text { Job 1 } & 15 & 23 \\\hline \text { Job 2 } & 7 & 15 \\\hline \text { Job 3 } & 12 & 34 \\\hline \text { Job 4 } & 8 & 16 \\\hline \text { Job 5 } & 11 & 27 \\\hline \text { Job 6 } & 10 & 19 \\\hline \text { Job 7 } & 13 & 28 \\\hline\end{array}$$

• A)19.2
• B)18.7
• C)17.8
• D)16.5

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period.

Elastic

Describes a situation where the quantity demanded or supplied of a good is sensitive to changes in its price.

Current Margin

The existing difference between a company's sales and its variable costs, indicating the portion of sales revenue that covers fixed costs and profits.

Desired Margin

The target profit margin a company aims for in pricing its products or services.