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SCENARIO 3-14-A
You Are the Quality Control Manager of a Water

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SCENARIO 3-14-A
You are the quality control manager of a water bottles company. One of the biggest complaints in the
past years has been the breakage and, hence, the concern on the durability of the connector between
the lid and the bottle which many users use as a handle for the bottles. To collect evidence before
implementing any modification to the production process, your department has subjected 100 water
bottles to a durability test and the following data on the number of times the handles have been used
to lift the bottles before they break are contained in the file Scenario3-14-DataA.XLSX. 495499502500491498498495488516513486504503493504489500495499501507511496486497510504493482511502520514486514500505512500504498503514474489488506517490\begin{array} { l l l l l l l l l l } 495 & 499 & 502 & 500 & 491 & 498 & 498 & 495 & 488 & 516 \\513 & 486 & 504 & 503 & 493 & 504 & 489 & 500 & 495 & 499 \\501 & 507 & 511 & 496 & 486 & 497 & 510 & 504 & 493 & 482 \\511 & 502 & 520 & 514 & 486 & 514 & 500 & 505 & 512 & 500 \\504 & 498 & 503 & 514 & 474 & 489 & 488 & 506 & 517 & 490\end{array}
-Referring to Scenario 3-14-A, a quarter of the bottles in this sample have a broken handle after
being used to lift the bottles for less than how many times?


Definitions:

Real Assets

Tangible assets such as land, buildings, and commodities that have intrinsic value due to their physical properties.

Financial Assets

Assets that derive value because of a contractual claim, such as bank deposits, stocks, bonds, and investments.

Pension Reserves

Are funds set aside by employers, governments, or other organizations to support employees' retirement benefits.

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

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