1. A manager who is conducting a time study now feeds an accuracy of 0.

05 minutes, rather than

0.15 minutes as in the past. Because of this change in accuracy, the adequate sample size
becomes.

2. A Manager Who Is Conducting A Time Study Now Needs An Accuracy Of ±0.1 Minutes, Rather
Than ±0.05 Minutes As In The Past. Because Of This Change In Accuracy, The New Required

3. A work sapling study requires an acceptable error level of 5 percent and 90 percent level of
confidence. the adequate sample size is ____ if the sample proportion is thought to be as 50
percent, but ___ if the sample proportion is thought to be about 20 percent.

4. Sample observations of a claims processor made over a 160-hour work month reveal that the
worker produced a total of 384 completed claims forms. The performance rating was 80%. The
worker was idle 20% of the time (so that idle time should be subtracted from the total time
when computing the average observed time). The allowance factor is 8%. What is the normal
time per unit? What is the normal time per unit?
5. A bank manager wants to determine the percent of time the bank’s tellers are working and idle.
He decides to use work sampling, and his initial estimate is that the tellers are idle 20% of the
time. Approximately how many observations should be taken to be 95% confident that the
results will not be more than 5% away from the true result?

6. The accuracy of a labor standard is to be within 5%, and the confidence level is 95%. The
standard deviation of the sample is 2 and the mean is 8. What sample size should be used?

7. The data below represent time study observations for an assembly operation. Assume a 7%
allowance factor. What is the normal time for element 3?
8. The actual average observed time for a given job is 10 minutes. The performance rating is
80%, and allowances are set by contract at 10%. What is the time standard?

9. An operation in a television factory has an average observed time of 6 minutes. The

performance rating of the worker timed was estimated at 90%. Practice in this department is
to allow 8% for the constant allowances. Currently, there is no variable allowance.
a. Find the normal time for the operation.
b. Compute the standard time for the operation.
c. Recompute the standard time if a variable allowance of 8% is factored in.

10. The OGN Farms produces its own natural organic fertilizers, which it sells mostly to gardeners
and homeowners. The annual demand for fertilizers is 270,000 pounds. The company can
produce 305,000 pounds annually. The cost to transfer the fertilizer from the plant to the
nursery is 620 per load. The annual carrying load cost is .12 per pound. Compute the total
inventory cost.
11. Student tuition at Boehring University is $150per semester credit hour. The state
supplementsschool revenue by $100 per semester credithour. Average class size for a typical 3-
creditcourse is 50 students. Labor costs are $4,000 perclass, material costs are $20 per student
perclass, and overhead costs are $25,000 per class
a. What is the multifactor productivity ratio for this course process?
b. If instructors work an average of 14 hours per week for 16 weeks foreach 3-credit class of 50
students, what is thelaborproductivity ratio

12. Natalie Attire makes fashionable garments. During aparticular week employees worked 360
hours toproduce a batch of 132 garments, of which 52 were“seconds” (meaning that they were
flawed).Seconds are sold for $90 each at Attire’s FactoryOutlet Store. The remaining 80 garments
are sold toretail distribution at $200 each.What is thelaborproductivity ratio of
thismanufacturing process?
13. Eric Explosives Company is considering the expansion of a solid-propellant manufacturing
process byadding more 1-ton capacity curing furnaces. Each batch (1 ton) of propellant must
undergo 30 minutes offurnace time, including load and unload operations. However, the furnace
is used only 80 percent of thetime due to power restrictions in the other parts of the system.
The required output for the new layout is tobe 16 tons per shift (8 hours). Plant (system)
efficiency is estimated at 50 percent of system capacity. Determine the number of furnaces
required

14. Refer to problem no. 24, estimate the percentage of time the furnaces will be idled

15. Charmz Developing Agency must determine how many photo-enlarger cubicles are required to
maintainan output of 200 good prints per hour. The set-up and exposure time can theoretically
be done in 2minutes per print, but operators are on the average only 90 percent efficient and, in
addition, 5 percent ofthe prints must be scrapped and redone. Also, the cubicles can be utilized
for enlarging only 70 percent ofthe time. What is the required process capacity in prints per
hour?

16. Refer to problem no. 16, what average output per hour can be expected from each cubicle,
taking its usefactor and efficiency into account?
17. A bag contains 2 red, 3 green and 2 blue balls. Two balls are drawn at random. What is the
probability that none of the balls drawn is blue? What is the probability that none of the balls
drawn is green?

18. In a box, there are 8 red, 7 blue and 6 green balls. One ball is picked up randomly. What is the
probability that it is neither red nor green? What is the probability that it is neither blue nor
green?

19. Around 20% of males are color blind. Find the probability that in a class of 4 male students,
atleast 2 males are color blind.

20. An amortization of a debt is in a form of a gradient series of P5,000 on the first year,P4,500 on
the second year, P4,000 on the third year, P3,500 on the fourth year. What is theequivalent
uniform periodic payment if interest is 5%?
21. Engr. Maragat, believing that life begins at 40, decided to retire and start enjoying life atage 40.
He wishes to have upon his retirement the sum of P5,000,000. On his 21st birthday,he deposited
a certain amount and increased his deposit by 15% each year until he will be40. If the money is
deposited in a super savings account which earns 15% interest compounded annually, how much
was his initial deposit?

22. You applied for a loan with a bank and the Php 80 000 was approved at an interest rate of 14% of
which Php 11,200 was deducted and you were given a check of Php 68,800. Since you have to
pay the amount of Php 80 000 one year after, what then will be the effective interest rate?