In a random sample of 200 items, 5 items were defective. An estimate of the percentage of defective items in the population is
A. 5%.
B. 2.5%.
C. 20%.
D. 10%.
Answer: B
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According to the international Licensing Industry Merchandisers Association (LIMA), the United States and Canada account for about 90 percent of licensed goods sales
Indicate whether the statement is true or false
A manufacturing firm would not normally have an account titled
A) goods in process inventory B) raw materials inventory C) merchandise inventory D) finished goods inventory
Which of the following are included as potential external weaknesses in a SWOT analysis that are harmful to an organization?
A. Expanded product line, increase in demand, new markets, new regulations. B. New entrants, substitute products, shrinking markets, costly regulatory, requirements. C. Core competencies, market leaders, cost advantages, excellent management. D. Lack of strategic direction, obsolete technologies, lack of managerial talent, outdated, product line.
An executive report lists divisional goals with related operating budget status and measures of financial performance. This report demonstrates
A. management by objectives. B. behavior control. C. concurrent control. D. output control. E. benchmarking.