From a Sample of 500 Items, 30 Were Found to Be

question 5

Multiple Choice

From a sample of 500 items, 30 were found to be defective. The point estimate of the population proportion defective will be:

• A) 0.06.
• B) 30.0.
• C) 16.667.
• D) None of these choices are correct.

---

Definitions:

Profitability

A measure of the efficiency and financial success of a business, indicated by the ratio of profits generated to the amount invested or revenue.

Improve Profitability

Strategies or actions undertaken to increase the net income relative to revenues of a business or investment.

Postponement

A strategy used in supply chain management where the final assembly or customization of a product is delayed until the last possible moment to reduce inventory costs and enhance customization.

Optimal Number

The most favorable quantity that achieves a specific goal, often related to efficiency or cost-effectiveness.