The Weekly Capacity Measured in Machine Hours for a Small

question 14

Multiple Choice

The weekly capacity measured in machine hours for a small machine shop follows the probability distribution shown below. Based on the probability distribution above,the expected value,or average hours of weekly capacity for the machine shop is

• A)500 hours.
• B)490 hours.
• C)480 hours.
• D)475 hours.

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Definitions:

Discount Period

The timeframe within which a payment can be made at a discounted rate, often used in sales transactions to encourage early payment.

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold, excluding other expenses and overhead.

Merchandise Sold

Goods that have been sold by a company, generating revenue; part of the sales process in a retail or wholesale environment.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including the cost of raw materials and labor.