It Is Claimed That in a Bushel of Peaches Less

question 139

Multiple Choice

It is claimed that in a bushel of peaches less than ten percent are defective. A sample of 400 peaches is examined and 50 are found to be defective. What is the sample proportion?

• A) 0.10
• B) 0.125
• C) 40
• D) 0.40
• E) None of these statements are true

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Definitions:

Average Cost of Production

The total cost of production divided by the quantity of output produced, indicating the cost to produce each unit of output.

Total Profit

The net profit a company earns, calculated by deducting all costs from its total income.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in maintaining the operation.

Total Costs

The aggregate cost of producing goods or services, inclusive of fixed and variable expenses.