TABLE 18-1 A Local Newspaper Has 10 Delivery Boys Who Each Deliver

question 110

Multiple Choice

TABLE 18-1
A local newspaper has 10 delivery boys who each deliver the morning paper to 50 customers every day.The owner decides to record the number of papers delivered on time for a 10-day period for one of the delivery boys and construct a p chart to see whether the percentage is too erratic.
-Referring to Table 18-1,what is the numerical value of the upper control limit for the p chart?

• A)0.926
• B)0.961
• C)0.979
• D)1.037

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Definitions:

Discount Bond

A bond that is sold for less than its face value.

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate, representing its official worth or repayment value at maturity.

Yield-to-Maturity

The total return anticipated on a bond if it is held until its maturity date, incorporating both interest payments and the adjustment of the bond's value.

Semi-annual

Occurring twice a year; pertaining to events, reports, payments, or dividends that happen or are issued every six months.