TABLE 18-5 A Manufacturer of Computer Disks Took Samples of 240 Disks

question 111

Short Answer

TABLE 18-5
A manufacturer of computer disks took samples of 240 disks on 15 consecutive days.The number of disks with bad sectors was determined for each of these samples.The results are in the table that follows.
-Referring to Table 18-5,the best estimate of the mean proportion of disks with bad sectors is ________.

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Definitions:

Sales Price

The amount of money for which a product or service is sold in the marketplace.

Variable Cost

Expenses that change in proportion to the level of production or business activity, unlike fixed costs which remain constant.

IRR

The interest rate that results in a net present value of zero for all cash flows associated with a specific project.

Break-Even Point

The level of sales at which total revenues equal total costs, resulting in no profit or loss.