A Factory Manager Is Monitoring the Quality of Production of a Small

question 28

Multiple Choice

A factory manager is monitoring the quality of production of a small battery powered toy. The factory produces 600 toys in an hour. Thirty toys are tested from each hour's production. Which one of the following statements is the most accurate?

• A)The toys being tested are the sample and the sample size is 30.All toys produced in that hour is the population.
• B)The toys being tested are the population.All toys produced in that hour is the sample and the sample size is 600.
• C)The toys being tested are the sample.The factory's total production is the population.
• D)None of these statements accurately describe this situation.

---

Definitions:

Specified

Clearly stated or identified in a particular context or document.

Restrictive Indorsements

Endorsements placed on a negotiable instrument, like a check, that limit how the instrument can be used or further transferred.

Indorsements for Deposit

Signatures or statements on the back of a negotiable instrument, such as a check, indicating that it can be deposited into a specific account.

Conditional Indorsements

Endorsements made on negotiable instruments that impose certain conditions or limitations on the transferability or payment.