Which of the following is not true concerning control limits?
A) Control limits are the top and bottom measures of the allowable range.
B) The upper control limit is the standard plus the allowable deviation.
C) The lower control limit is the standard minus the allowable deviation.
D) In current practice, control limits are set objectively using standard formulas.
E) Variances that fall outside the control limits are investigated.
D
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Which of the following statements about the lifetime value of a customer is true?
A) CRM helps companies identify their customers' lifetime value. B) All customers have the same lifetime value. C) A customer's lifetime value is easy to calculate. D) A company can either increase customer share or a customer's lifetime value, but not both. E) The value of the customer is related to the value of the brand.
Contracts entered into by persons lacking the capacity to do so may be voidable
Indicate whether the statement is true or false
John agreed to build a new house for Ted. Unknown to John, Ted was an agent for Russell Realty. John built the house as agreed. When Ted refused to pay, John became aware that Ted was an agent for Russell. John wants to sue on the contract. Under the Second Restatement, John:
A) must sue Ted, because Ted is the person with whom he dealt. B) can collect judgments against Ted and Russell. C) must sue Russell, because Russell is the principal. D) can sue either Ted or Russell.
The closer the sample mean is to the population mean,
a. the larger the sampling error. b. the smaller the sampling error. c. the sampling error equals 1. d. none of these alternatives is correct.