From a sample of 500 items, 30 were found to be defective. The point estimate of the population proportion defective will be:
a. 0.06 b. 30.0
c. 16.667 d. none of these choices
a
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Mini-Case Question. Based on the values provided, determine the customer loyalty index
A) 28 B) 32 C) 36 D) 40 E) 44
The beginning inventory costs and the product costs of the current period are combined to determine the average cost of equivalent units of production under the ________.
A) equivalent units method B) conversion costs method C) first-in, first-out method D) weighted-average method
Which department is usually responsible for a direct labor cost variance attributable to inexperienced workers on the assembly line?
A) purchasing B) production C) human resources D) engineering
Assume that Trader Pete's, an organic food retailer in the United States, recently purchased a new refrigeration system for its Washington, DC, store. Trader Pete's paid $1.3 million for the refrigeration unit and paid an additional $120,000 to modify the unit to meet its specific needs. Trader Pete's paid $55,000 for the transportation and installation of the unit, plus $48,000 for an annual
insurance premium for the first year, which begins next month. Finally, assume that Trader Pete's hired a refrigeration technician, who is charged with the maintenance of the unit; that technician's annual salary is $80,000 . How much should Trader Pete's record as the acquisition cost of the refrigeration unit? a. $1,300,000 b. $1,420,000 c. $1,475,000 d. $1,523,000 e. $1,603,000