Ten percent of the items produced by a machine are defective. A random sample of 100 items is selected and checked for defects.
a.Determine the standard error of the proportion.b.What is the probability that the sample will contain more than 2.5% defective units?c.What is the probability that the sample will contain more than 13% defective units?
What will be an ideal response?
| a. | 0.03 |
| b. | 0.9938 |
| c. | 0.1587 |
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Exhibit 20-5 The Baltimore, Inc entered into a five-year lease with the Waugh Chapel Company on January 1, 2016. Baltimore, the lessor, will require that five equal annual payments of $25,000 be made at the beginning of each year. The first payment will be made on January 1, 2016. The lease contains a bargain purchase option price of $12,000, which the lessee may exercise on December 31, 2020
The lessee pays all executory costs. The cost of the leased property and its normal selling price are $95,000 and $118,236, respectively. Collectibility of the future lease payments is reasonably assured, and the lessor does not expect to incur any future costs related to the lease. Present value factors for a 7% Present value of $1 for n = 1 0.934579 Present value of $1 for n = 5 0.712986 Present value of an ordinary annuity for n = 5 4.100197 Present value of an annuity due for n = 5 4.387211 ? Refer to Exhibit 20-5. If Baltimore requires a 7% annual return, how much gross profit will Baltimore record at the inception of the lease? A) $7,505 B) $14,680 C) $16,061 D) $23,236
My leader is a real visionary and helps us solve organizational problems in creative ways. She is using which characteristic of a servant leader?
A. building community B. listening C. foresight D. conceptualization
Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises her of further action that it will take. This violates
A. no federal law. B. the Fair and Accurate Credit Transactions Act. C. the Fair Debt Collection Practices Act. D. the Truth-in-Lending Act.
Name the four types of plans used to carry out goals
What will be an ideal response?