Determine the sample size for each of the control procedures shown in the following table (assuming a very large population) using the Table 8-5 and 8-6 above. Control ProcedureParameters1 2 3 4Risk of incorrect acceptance10% 10% 5% 5%Tolerable deviation rate5% 10% 4% 5%Expected population deviation rate1.00% 0.50% 0.00% 1.25%Sample size
What will be an ideal response?
| Control Procedure | |||||||||||
| Parameters | 1 | 2 | 3 | 4 | |||||||
| Risk of incorrect acceptance | 10 | % | 10 | % | 5 | % | 5 | % | |||
| Tolerable deviation rate | 5 | % | 10 | % | 4 | % | 5 | % | |||
| Expected population deviation rate | 1.00 | % | 0.50 | % | 0.00 | % | 1.25 | % | |||
| Sample size | 77 | 42 | 74 | 124 | |||||||
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What will be an ideal response?
____ is an acceptable error number for the RAISE_APPLICATION_ERROR function.
A. -18,000 B. -19,000 C. -20,002 D. -21,000
Which of the following statement(s) are true regarding the advantages of mathematical modeling?
A) Models accurately represent reality. B) Models can help decision makers formulate problems. C) Models can save time. D) Models may be the only way to solve some large and complex problems in a timely manner. E) All of the above
Which of the following statements is CORRECT?
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