The records show that 7% of the items produced by a machine do not meet the specifications. Use the normal approximation to the binomial distribution to answer the following questions. What is the probability that a sample of 100 units contains
a.Five or more defective units?b.Three or fewer defective units?c.Ten or fewer defective units?
What will be an ideal response?
?
| a. | 0.8368 |
| b. | 0.0744 |
| c. | 0.9092 |
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Factory supplies used during the year is adjusted by
a. debiting Factory Supplies and crediting Factory Supplies Expense. b. debiting Factory Supplies Expense and crediting Factory Supplies. c. debiting Office Supplies Expense and crediting Factory Supplies Payable. d. debiting Factory Overhead and crediting Factory Supplies.
Which of the following generations is the most educated to date?
A) Lost Generation B) Baby boomers C) Millennials D) Generation X E) Silent Generation
Why do brands with a large market share spend proportionally less on advertising compared to brands with a small market share?
a. Diminishing returns set in beyond a certain level of spending for advertising. b. Certain industries have a practice of spending more for sales than for advertising. c. A minimum level of exposure is required for advertising to have an effect on sales. d. Advertising will not stimulate economic growth for the industry.
Regardless of the system used in departmental cost analysis:
A. Total departmental costs will always be the same. B. Both direct and indirect costs are allocated. C. Indirect costs are allocated, direct costs are not. D. Neither direct nor indirect costs are allocated. E. Direct costs are allocated, indirect costs are not.