A Quality Control Supervisor Wishes to Determine Whether the Following

question 48

Multiple Choice

A quality control supervisor wishes to determine whether the following measurements are random: $$\begin{array}{l}\begin{array} { r r r r r r r r } 68.2 & 65 & 66.5 & 65 & 67.5 & 68 & 66 & 64.5 \\65.3 & 64.2 & 67.6 & 66.5 & 66.8 & 68.9 & 67 & 65 \\\hline\\\end{array}\\\begin{array} { r r r r r r r | } \hline 65 & 67 & 68 & 71 & 68.5 & 63.6 & 64.7 \\71.5 & 70.7 & 66 & 68.5 & 70.5 & 69.5 & 70.1 \\\hline\end{array}\end{array}$$ For this purpose, the supervisor uses a previous median 67.9 and compares each measurement to the median.She determines that the number of runs is ______.

• A)9
• B)10
• C)11
• D)12
• E)13

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Definitions:

Stock Splits

occur when a company divides its existing stock into multiple shares to boost the liquidity of the shares, though the overall value of the company doesn't change.

Economic Benefit

The advantage or gain derived from an economic action or activity such as investments, consumption of goods, and services.

Trading Range

The range within which a security or a market index fluctuates over a specified period.

EPS

Earnings Per Share, a financial ratio that measures the amount of profit attributed to each outstanding share of a company's common stock, indicating the company's profitability.