Defects in marble countertops usually require the whole top to be reconstructed. In one kitchen shop, the percent defective in the past has been one percent. If a sample size of 30 is taken, what should the 95.5 percent upper control limit be?
A) 0.030
B) 0.000
C) 0.046
D) 0.064
E) None of the above
C
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Emphasizing the negative consequences that may occur unless a consumer changes behavior is called ________
A) a fear appeal B) a rational appeal C) social marketing D) comparative marketing
What is the variable cost per minute? (Round your answer to the nearest cent.)
The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data
below and apply the high-low method to answer the question.
A) $1.17
B) $6.52
C) $0.85
D) $0.11
Which of the following is true for an auction with reserve?
A. The seller retains the right to refuse the highest bid and withdraw the goods from sale. B. An invitation to make an offer is not allowed. C. An auctioned item cannot be withdrawn from the auction after an offer has been made. D. A bid cannot be withdrawn and is legally binding from the moment it is made.
Which of the following is TRUE regarding simulation?
A) Small problems can be done by hand. B) Most simulations are computerized. C) Real-world complications can be included in simulation models. D) Simulation is most suitable where standard analytical models are too complex. E) All of the above are true.