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Most of the time they are used alternatively as many people even the expert one's don't know the difference.
Standard Allowed Minutes means Time (in minutes) that is assigned to a specific operation after doing time study or using PDMTS.
Standard Minute Value means the Cost Factor that is multiplied with SAM to get the Cost/Minute of the operation.
For Example:
Operation Name: Registration of Customer Complaint
SAM: 1.3 Minutes
SMV: 0.10 Cents
Cost/Minute: 13 Cents
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Earn +20 ptsQ: What is difference between standard allowed minutes and standard minute value?
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Continue Learning about Statistics
What is the probability of a class running between 51.25 and 51.5 minutes if the uniform distribution is between 50 and 52?
The probability is (51.5-51.25)/(52-50) = 0.25/2 = 0.125
How many minutes in 10 years?
5256000 minutes.
How many days are in 150000 minutes?
150,000 minutes = 104.2 days.
How many minutes are in 14 years?
There are 7358400 minutes in 14 years.
How many minutes is in 10 years?
10 years is about 5,259,600 minutes.
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