Correct Answer - Option 4 : 15/16
Concept:
\(Productivity=\frac{Net\;Production\;Obtained}{Standard\;Production\;Possible}\)
Calculation:
Given:
Time of one shift = 8 hours = (8 x 60) min = 480 min.
Standard time per piece = 1.5 min
Spark plugs produced in one shift (8 hours) = 300 pieces
Total spark plug that can be made in 480 min i.e.
Standard Production Possible = \(\frac{Total\;Time\;Available}{Time\;required\;per\;pieces}=\frac{480}{1.5}=320\) pieces
Net production obtained by industry in 480 min. = 300 pieces
\(Productivity=\frac{Net\;Production\;Obtained}{Standard\;Production\;Possible}\)
\(Productivity=\frac{300}{320}=\frac{15}{16}\)