A publisher is interested in estimating the proportion of textbooks that students resell at the end of the semester. He is interested in making this estimate using a confidence level of 95 percent and a margin of error of 0.02.
Based upon his prior experience, he believes that is somewhere around 0.60. Given this information, the required sample size is over 2,300 students. Indicate whether the statement is true or false
Q. 2All of the following are historical facts about process quality control except ________.
A) replaced by computer animation in the 2010s
B) pioneered by Western Electric Company in the 1920s
C) mainstay of Japanese manufacturing in the 1950s
D) began to be widely used in the United States in the 1980s
Q. 3What is the terminal value if the development is stopped after clinical trials conducted are successful?
A) (250 )
B) (400 )
C) 1,335
D) 3,455
Q. 4To guarantee that only one new plant is built, we must have the constraint ________.
A) Y1 > 1
B) Y1 + Y2 1
C) Y1 + Y2 = 1
D) Y1 + Y2 1
Q. 5If a manager were interested in assessing the probability that a new product will be successful in a New Jersey market area, she would most likely use relative frequency of occurrence as the method for assessing the probability.
Indicate whether the statement is true or false
Q. 6If we are testing for the difference between the means of two independent populations with samples of n1 = 20 and n2 = 20, the number of degrees of freedom is equal to:
A) 39
B) 38
C) 19
D) 18
Q. 7One way to develop a frequency distribution using Excel is to use the Frequency function.
Indicate whether the statement is true or false
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