A manufacturing company makes three types of products. Each time it makes a product, the item can be either good or defective and it can be either customized or standard.
The events consisting of customized and defective would be considered mutually exclusive since they apply to different attributes of the product. Indicate whether the statement is true or false
Q. 2When determining the sample size for a proportion, if you have no previous information available to estimate p, then the best value to use is = 0.5.
Indicate whether the statement is true or false
Q. 3How many decision nodes are observed in the given decision tree?
A) 2
B) 3
C) 4
D) 7
Q. 4Which of the following is the capacity constraint that is related to the Ohio plant?
A) X31 + X32 + X33 + X34 3,000Y2
B) X31 + X32 + X33 + X34 3,600
C) X31 + X32 + X33 + X34 1,400
D) X31 + X32 + X33 + X34 3,000Y1
Q. 5Recently a survey was conducted in which customers of a large insurance company were asked to indicate the number of speeding tickets they had received in the past three years. The minimum value in the data was zero and the largest was six tickets.
If you wished to illustrate the proportion of people who had three or fewer tickets, you would most likely construct a cumulative relative frequency distribution. Indicate whether the statement is true or false
Q. 6In most situations, there is no difference between the events and the elementary events.
Indicate whether the statement is true or false
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