The Mathematics of Value-at-Risk
For example, a two-hour daily duty represents the following percentage of the job: 2 hours x 5 days/week = 10 total weekly hours 10 hours / 40 hours in the week = .25 = 25% of the job. If a duty is not performed every week, it might be more accurate to estimate the percentage by considering the amount of time spent on the duty each month. ................
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