From a Sample of 400 Items,14 Are Found to Be

question 29

Multiple Choice

From a sample of 400 items,14 are found to be defective.The point estimate of the population proportion defective will be:

• A)0.035
• B)0.05
• C)14
• D)28.57

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Definitions:

Industry

The categorized group of companies that are involved in the production of goods or delivery of services in a specified sector of the economy.

Word-of-Mouth

The informal exchange of information between individuals about the merits of products, services, or events.

Formal Channels

These are officially established and structured paths for communication or information flow within an organization.

Tangible Assets

Physical and material assets that have intrinsic value, such as machinery, buildings, and inventory.