Problem

The following table shows the hourly wages, hours worked, and output (number of widgets pr...

The following table shows the hourly wages, hours worked, and output (number of widgets produced) in one week for five widget makers.

 

 

 

Worker

 

 

1

2

3

4

5

Hourly wage ($)

5

5.50

6.50

    6

6.25

Hours worked

40

   43

   37

   50

   45

Output (widgets)

1000

1100

1000

1200

1100

Use MATLAB to answer these questions:

a. How much did each worker earn in the week?


b. What is the total salary amount paid out?


c. How many widgets were made?


d. What is the average cost to produce one widget?


e. How many hours does it take to produce one widget on average?


f. Assuming that the output of each worker has the same quality, which worker is the most efficient? Which is the least efficient?

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Solutions For Problems in Chapter 2