Every 10th Product Coming Off a Production Line Is Inspected

question 59

Multiple Choice

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

• A)systematic sampling.
• B)random sampling.
• C)nonrandom sampling.
• D)biased sampling.

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Definitions:

Financial Plan

A detailed strategy outlining an individual's or organization's financial goals and the means and timeline for achieving them.

Pro Forma Sales Forecasts

Pro forma sales forecasts are projected financial statements showing expected sales revenue, often used for planning and investment assessment.

Pro Forma Statements

Financial statements that project a company's financial performance in the future, based on certain assumptions and adding or excluding non-recurring items.

Anticipated Rate of Growth

The expected annual increase in a company's revenue or profit, often expressed as a percentage.