The Number of Defectives in 10 Different Samples of 100

question 83

Multiple Choice

The number of defectives in 10 different samples of 100 observations each is the following: 1, 2, 1, 0, 2, 3, 1, 4, 2, 1. What is the estimate of the population proportion of defectives?

• A) .017
• B) .17
• C) .016
• D) .16

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Definitions:

Resource Reallocation

The process of redistributing resources from less productive to more productive uses to increase overall efficiency or to meet strategic objectives.

Society's View

The collective opinions, attitudes, and values of a community or population towards various issues, concepts, or entities.

Economic Function

The role or impact that an entity or process has within the economy, such as production, distribution, and consumption of goods and services.

Profits and Losses

The financial gain or loss that a business experiences, calculated as the difference between revenue and expenses.