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7. (**) Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., "standard output" = 0.5 jobs per hour). One of Precision's field representatives records the results below. Calculate the rep's efficiency for each customer and her average efficiency. Interpret the results.

7. (**) Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., "standard output" = 0.5 jobs per hour). One of Precision's field representatives records the results below. Calculate the rep's efficiency for each customer and her average efficiency. Interpret the results.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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7. (**) Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., "standard output" = 0.5 jobs per hour). One of Precision's field representatives records the results below. Calculate the rep's efficiency for each customer and her average efficiency. Interpret the results.
Transcribed Image Text:7. (**) Precision Machinery has set standard times for its field representatives to perform certain jobs. The standard time allowed for routine maintenance is 2 hours (i.e., "standard output" = 0.5 jobs per hour). One of Precision's field representatives records the results below. Calculate the rep's efficiency for each customer and her average efficiency. Interpret the results.
CUSTOMER ABC Company Preztel SCR Industries BeetleBob ACTUAL TIME REQUIRED TO PERFORM ROUTINE MAINTENANCE 1.8 hours 2.4 hours 1.9 hours 1.8 hours
Transcribed Image Text:CUSTOMER ABC Company Preztel SCR Industries BeetleBob ACTUAL TIME REQUIRED TO PERFORM ROUTINE MAINTENANCE 1.8 hours 2.4 hours 1.9 hours 1.8 hours
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