An analyst made the following observations about whether customer service representatives were busy (B) or idle (I):
Question:
An analyst made the following observations about whether customer service representatives were busy (B) or idle (I):
a. What is the percentage of idle time?
b. Given these results, how many observations would be needed to estimate the actual percentage of idle time to within 6 percent with a confidence of 90percent?
Transcribed Image Text:
Observation 1 2 3 4 5 67 8 9 10 11 12 13 14 15 16 17 18 19 20 Busy or idle BB I B I B B B I B B B B I B B B
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Given An analyst observed a process and noted that whether a customer service representa...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
How many kanbans would be needed in each case? a. Demand is increased to 200 avionic switches per hour. b. The lead time for components is increased to 60 minutes. c. The rack size is doubled. d. The...
-
How large a sample size would be needed to estimate the percentage of wireless routers in San Francisco that use data encryption, with an error of 2 percent and 95 percent confidence?
-
What sample size would be needed to estimate the true proportion of American households that own more than one DVD player, with 90 percent confidence and an error of 0.02?
-
The people on Coral Island buy only juice and cloth. The CPI market basket contains the quantities bought in 2016. The average household spent $60 on juice and $30 on cloth in 2016 when the price of...
-
A certain job shop specializes in one-of-a-kind orders dealing with parts of medium-to-high complexity. A typical part is processed sequentially through ten machines in batch sizes of one. The shop...
-
Does the potential harm of allowing a creditor to repossess collateral on a debtors default, without going to court, outweigh the benefit? Discuss.
-
With reference to Example 13, repeat the analysis after combining the categories below average and average in the training program and the categories poor and average in success. Comment on the form...
-
Dilution the Metallica Heavy Metal Mining (MHMM) Corporation wants to diversify its operations. Some recent financial information for the company is shown here. MHMM is considering an investment that...
-
Develop a participant guide for individuals who would participate in the training for the needs of remote during pandemic. Identify what interpersonal skills and how they relate to personality and...
-
IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...
-
In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loaders were idle in 6 of the 50 observations. a. What is the estimated...
-
A job in an insurance office involves telephone conversations with policyholders. The office manager estimates that about half of the employees time is spent on the telephone. How many observations...
-
What impact have the WTO and NAFTA had on small companies wanting to go global? What provisions are included in these trade agreements?
-
How do various synchronization mechanisms, like mutexes, semaphores, and condition variables, address the problem of race conditions in a multi-threaded environment ?
-
Note that some of the possible refrigerants have previously or are currently being phased out of new production; it is recommended to research why this is so and include this as a consideration in...
-
Discuss the impact of architectural advancements, such as multi-core processors and heterogeneous computing platforms, on the design and optimization of operating systems for parallel and distributed...
-
Leon Tyler's VISA balance is $793.15. He may pay it off in 12 equal end-of-month payments of $75 each. What interest rate is Leon paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate %...
-
Examine the evolution of real-time operating systems (RTOS) and their applications in mission-critical systems, exploring topics such as task prioritization, interrupt handling, and deterministic...
-
A process vessel was purchased in the United Kingdom for a plant in the United States in 1993. A similar vessel, but of different capacity, was purchased in 1998. From the data given below, estimate...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
The technique of fluorescence in situ hybridization involves the use of a ___________ that hybridizes to a ____________. a. radiolabeled probe, band on a gel b. radiolabeled probe, specific site on...
-
What is the role of workers in JIT/lean?
-
What trade-offs are involved in shifting from an MRP system to a JIT/lean system?
-
To what extent has technology had an impact on JIT/lean systems?
-
Write a script called ChangeExtensions that accepts two file name extensions as arguments, and renames all files with the first extension to have the second extension. For example, Change Extensions...
-
Write an HTML document that draws the trapezoid (a rectangle that is wider on one side) below in Canvas. (30,30) 50 50 70
-
Find V 1 V 5 V source I 2 I 3 I 4 I 5 R 1 R 2 R 3 R 4 R total. V 2 = 6 0 . 0 V , V 3 = 9 0 . 0 V , V 4 = 5 0 . 0 V , I 1 = 1 . 5 A , I total = 4 . 0 A , R 5 = 3 0 ohms. Indicate where appropriate....
Study smarter with the SolutionInn App