1000 workers are currently working in Sigma Manufacturing Industry. This industry is paying the wages to its workers on a daily basis. No vacation is given for any occasion in this industry. The factory is running from 8:30 am to 5:30 pm with a lunch break of 60 minutes. This break is not counted as working hours. Last year, 10 accidents occurred which caused almost 50 injuries. Around 50 people remain absent everyday in this industry. Gama Production Factory was a sister concern of Sigma Manufacturing Industry which is closed now. It had half of the workers of Sigma. In 2017, 50 accidents occurred and each accident caused 3 injuries and a loss of 8 hours each on an average. Working hours and attendance rate were the same as Sigma Manufacturing Industry. Now compute the frequency rate and severity rate for Gama Production Factory. Also, illustrate the kinds of key accident data you should collect from the place where an accident has occurred.
1000 workers are currently working in Sigma Manufacturing Industry. This industry is paying the wages to its workers on a daily basis. No vacation is given for any occasion in this industry. The factory is running from 8:30 am to 5:30 pm with a lunch break of 60 minutes. This break is not counted as working hours. Last year, 10 accidents occurred which caused almost 50 injuries. Around 50 people remain absent everyday in this industry. Gama Production Factory was a sister concern of Sigma Manufacturing Industry which is closed now. It had half of the workers of Sigma. In 2017, 50 accidents occurred and each accident caused 3 injuries and a loss of 8 hours each on an average. Working hours and attendance rate were the same as Sigma Manufacturing Industry. Now compute the frequency rate and severity rate for Gama Production Factory. Also, illustrate the kinds of key accident data you should collect from the place where an accident has occurred.
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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