A production process is considered in control if no more than 4% of the items produced are defective. Samples of size 100 are used for the inspection process

a. Determine the standard error of the proportion.
b. Determine the upper and the lower control limits for the P chart.


a. 0.0196 (rounded)
b. UCL = 0.0988
LCL = 0.0000

Note: Since the lower control limit is negative, it is set equal to zero.

Business

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A building with a cost of $163,000 and accumulated depreciation of $32,000 was sold for a $11,000 gain. When using the indirect method, the cash generated from this investing activity was $131,000

a. True b. False Indicate whether the statement is true or false

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Jenny, an employee of Toucan Company, used company assets for her own personal gain. This is an example of:

A. employment perks. B. fraud. C. internal control. D. employee advance. E. ethics.

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Most short-term debt financing is unsecured; that is no ____________________ is required.

Fill in the blank(s) with the appropriate word(s).

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Which of the following is the best example of an effective buffer in a bad-news letter telling a job applicant that she didn't get the position for which she interviewed?

A) Thank you for your application of March 13, wherein you applied for the medical clerk position. B) We are very sorry to have to tell you that the medical clerk position has been filled. C) We enjoyed meeting you last week to discuss your qualifications for the medical clerk position. D) We are absolutely thrilled to have an applicant with your exceptional qualifications.

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