The Quality Manager for Microelectronics,Inc

question 53

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 he uses an acceptance sampling plan of n = 20 and c = 1,what is the probability that,if this batch is 15% defectives,it will be rejected and completely inspected prior to shipment?

• A)0.0263
• B)0.1237
• C)0.1756
• D)0.8244
• E)0.9737

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Definitions:

Economic Profit

The gap between total income and all expenses, covering both explicit and hidden costs.

Mutual Fund

A type of investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.

Either-Or Decision

An either-or decision refers to a choice between two mutually exclusive options, where selecting one means forgoing the other.

Accounting Profit

The net income for a company calculated by subtracting total expenses from total revenues.