Ten High-Technology Batteries Are Tested for 200 Hours Each

question 101

Multiple Choice

Ten high-technology batteries are tested for 200 hours each. One failed at 50 hours; all others completed the test. FR(%) is __________ and FR(N) is __________.

• A) 10%; 1/1850
• B) 10%; 1/2000
• C) 25%; 1850 hours
• D) 90%; 1/2000
• E) Indeterminate; no standard deviation is given.

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Definitions:

Break-even Quantity

The number of units that must be sold to cover all costs, resulting in neither profit nor loss.

Administrative Costs

Expenses related to the general operation of a business, such as office supplies and salaries of non-sales personnel.

Labor Cost

Refers to the total expense incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.

Materials Cost

The total expense to an entity for all materials used in the production of a product or service.