A Quality Control Supervisor Wishes to Determine Whether the Following

question 84

Multiple Choice

A quality control supervisor wishes to determine whether the following measurements are random: $$\begin{array} { r r r r r r r r } 68.2 & 65 & 66.5 & 65 & 67.5 & 68 & 66 & 64.5 \\65.3 & 64.2 & 67.6 & 66.5 & 66.8 & 68.9 & 67 & 65 \\\\& 65 & 67 & 68 & 71 & 68.5 & 63.6 & 64.7 \\& 71.5 & 70.7 & 66 & 68.5 & 70.5 & 69.5 & 70.1\end{array}$$ For this purpose, the supervisor computes the median of previous observations, and finds it is 67.9.Then she compares each measurement to that median and assigns an "L" to it if it is below the median and a "U" if it is above the median.She determines that the number of Ls and Us are ______ and ______, respectively.

• A)14; 16
• B)17; 13
• C)16; 14
• D)18; 12
• E)12; 18

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Definitions:

Rate of Return

A measure of the profit or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Minimum Required Rate

The lowest return rate necessary for an investment to be considered acceptable.

Net Present Value

Net Present Value (NPV) is a calculation used to determine the current value of a series of future cash flows, taking into account a specified rate of return.

Required Rate

Often referred to as the discount rate or required rate of return, it is the minimum return an investor expects to receive for investing in a project or business.