Defects in Marble Countertops Usually Require the Whole Top to Be

question 83

Multiple Choice

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 be 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

---

Definitions:

Compute

The process of using mathematical and logical operations to perform tasks and solve problems by a computer.

Average Accounting Return

The average accounting return is a financial ratio that represents the average annual accounting profit compared to the initial investment.

IRR

Internal Rate of Return, a financial metric used to estimate the profitability of potential investments by finding the interest rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Projects

Specific tasks or programs undertaken to achieve a goal, often characterized by defined scope, resources, and timeframe.