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:

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Inflation

The measure of growth in the overall price level for products and services, devaluing the currency's purchasing power.

Premium Bond

A bond sold at a price higher than its face value, typically occurring when it has a higher interest rate than the current market rate.

Face Value

The original value of a financial instrument as indicated on the certificate or instrument itself, equivalent to its par value.