Every 10th Product Coming Off a Production Line Is Inspected

question 70

Short Answer

Every 10th product coming off a production line is inspected to check for quality.Such a sampling technique is called ________.

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Definitions:

Bad Weather

Unfavorable or destructive atmospheric conditions, including storms, heavy rain, snowfall, hurricanes, or extreme temperatures.

Production Tax

A tax imposed by governments on the production, sale, or use of goods and services within their jurisdiction.

Supply Curve

a graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing and able to supply.

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded, resulting in market balance.