The Two Types of Data Involved in Quality Control Are

question 20

Multiple Choice

The two types of data involved in quality control are:

• A)Assignable factors and random factors.
• B)Variables and attributes.
• C)Random measurements and 100 percent measurements.
• D)Accuracy and precision.

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Definitions:

APR

Annual Percentage Rate; a measure of the cost of credit, expressed as a yearly interest rate.

Rate of Compounding

The rate at which an investment grows due to compounding, where interest earns interest over periods.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from a country's central bank.

Present Value

The present worth of a future sum of money or series of cash flows, based on a given return rate.