It Is Claimed That in a Bushel of Peaches Less

question 91

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.
If α = 0.025, what will be the decision?

• A) Fail to reject the null and conclude the defects are not greater than 10%
• B) Reject the null and conclude the defects are not greater than 10%
• C) Reject the null and conclude the defects are greater than 10%
• D) Fail to reject the null and conclude the defects are not less than 10%

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Definitions:

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Output

The total quantity of goods or services produced by a firm or economy over a specific period.

Marginal Product

Refers to the additional output that is produced by adding one more unit of a specific input, assuming all other inputs are held constant.