The upper and lower control limits of the proportions of defectives of a process are 0.0803 and 0.0161
a. What has been the proportion of defectives in this process?
b. What has been the sample size?
c. Determine the standard error of proportion.
a. p = 0.0482
b. n = 400
c. Standard error of proportion = 0.0107
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The Retained earnings account has a credit balance of $47,000 before closing entries are made. Total revenues for the period are $65,200, total expenses are $44,800, and dividends are $13,000. What is the correct closing entry for the revenue accounts?
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Answer the following statement true (T) or false (F)
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