Table 15.8
Suppose that the following five jobs must be scheduled through a car repair facility (all times are shown in days):

-Use the information in Table 15.8.What is the average past due (in days)using the EDD rule?
A)fewer than or equal to 2 days
B)greater than 2 days but fewer than or equal to 3 days
C)greater than 4 days but fewer than or equal to 4 days
D)greater than 4 days

Question

Table 15.8
Suppose that the following five jobs must be scheduled through a car repair facility (all times are shown in days):
 
-Use the information in Table 15.8.What is the average past due (in days)using the EDD rule?
A)fewer than or equal to 2 days 
B)greater than 2 days but fewer than or equal to 3 days 
C)greater than 4 days but fewer than or equal to 4 days 
D)greater than 4 days

Quizplus · Accepted Answer

The EDD rule states that the average past due is the average of the past due days for all accounts that are past due. In this case, the average past due is (2 + 3 + 4) / 3 = 3 days.

Table 15.8 Suppose That the Following Five Jobs Must Be Scheduled Through