How Many Cycles Should Be Used in a Time Study

question 19

Multiple Choice

How many cycles should be used in a time study in order to be 95% confident that the time-study average job cycle time is within 5% of the true average job cycle time.Assume that the average job cycle time was 2.67 minutes and the standard deviation of the sample was 0.72 minutes.

• A)36 cycles
• B)72 cycles
• C)98 cycles
• D)112 cycles

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Definitions:

Lease

A contractual arrangement in which one party agrees to rent property owned by another party for a specified period of time in exchange for payment.

Eminent Domain

The right of a government to expropriate private property for public use, with compensation provided to the owner.

Bequeath

To leave personal property to someone through a will.

Fair Compensation

Fair Compensation is equitable financial remuneration given to an employee for their services or to a party as reparation for loss, damage, or injury.