The Quality Manager for Microelectronics,Inc

question 10

Multiple Choice

The Quality Manager for Microelectronics,Inc.is concerned about the quality of the batch of several thousand IC's (integrated circuits) which his company is about to ship.If,based on his acceptance sample,he decides to ship this batch without inspection,which type error would be possible?

• A)None would be possible
• B)Producer's error
• C)Type I error
• D)Type II error
• E)Both Type I and Type II error

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Definitions:

Lump Sum Payment

A single payment made at a particular time, as opposed to several smaller payments or installments.

Compounded Annually

A method of calculating interest where the interest earned over a period is added to the principal, and the total becomes the base for the calculation of the next period's interest.

Lump Sum Payment

A payment made in a single lump sum amount, often used in the context of paying off debts or settling transactions.

Sinking Fund

A reserve fund established by setting aside revenue over a period of time to fund a future capital expense or repay a long-term debt.