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. 2What is the terminal value when the market potential is large?
A) 1,955
B) 3,455
C) (445)
D) (250)
Q. 3Quality 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. 4For 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. 5When 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. 6The 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. 7For 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
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