Manufacturing Operation Time in a Time Study Conducted at a Manufacturing Plant, the Manufacturing

question 105

Essay

Manufacturing Operation Time
In a time study conducted at a manufacturing plant, the length of time to complete a specified operation is measured for each one of n = 40 workers. The mean and standard deviation are found to be 15.2 and 1.40, respectively.
-Refer to the Manufacturing Operation Time statement. Describe the sample data using Tchebysheff's Theorem.

---

Definitions:

Cash Coverage Ratio

A liquidity ratio that measures a company’s ability to pay off its debt with cash and cash equivalents, indicating financial health.

Operating Activities

The section of a company's cash flow statement that reveals the cash generated or used in the company’s primary business operations.

Interest Expense

The expense an entity faces for using borrowed capital over a specific time frame.

Inventory Turnover

A financial ratio that measures how often a company's inventory is sold and replaced over a specific period.