Biology Forums - Study Force

The procurement manager for a large company wishes to estimate the proportion of parts from a supplier that are defective. She has selected a random sample of n = 200 incoming parts and has found 11 to be defective.
 
  Based on a 95 percent confidence level, the upper and lower limits for the confidence interval estimate are approximately 0.0234 to 0.0866. Indicate whether the statement is true or false

Q. 2

What is the terminal value when the market potential is large?
 
  A) 1,955
  B) 3,455
  C) (445)
  D) (250)

Q. 3

Quality control methods help employees do all of the following except ________.
 
  A) manage product performance to achieve design tolerances
  B) learn everything possible about a production process
  C) ensure that customers receive error-free, consistent service
  D) monitor production operations to ensure output conforms to specifications

Q. 4

For a standardized normal distribution, determine a value, say z0, so that P(-z0  z < 0 ) = 0.45.
 
  A) 1.84
  B) 1.645
  C) 1.96
  D) 1.33

Q. 5

When developing a frequency distribution, the following classes would be considered acceptable:5 to < 1010 to < 2020 to < 40
 
  Indicate whether the statement is true or false

Q. 6

The demand constraint for Dallas is ________.
 
  A) X21 + X22 + X23 + X24  1,000
  B) X12 + X22 + X32 + X42 = 1,000
  C) X21 + X22 + X23 + X24 = 1,000
  D) X12 + X22  1,000

Q. 7

For a given sample size and a given confidence level, the closer p is to 1.0, the greater the margin of error will be.
 
  Indicate whether the statement is true or false

Ans. #1

TRUE

Ans. #2

B

Ans. #3

B

Ans. #4

B

Ans. #5

FALSE

Ans. #6

B

Ans. #7

FALSE

Cheers!!

Cheers too :thumbsup: