Examlex
If there are 12 total defects from 10 samples, each sample consisting of 100 individual items in a production process, which of the following is the fraction defective that can be used in a p-chart for quality control purposes?
Raw Materials Inventory
The total cost of all the materials not yet used in production but kept in stock, essential for manufacturing companies to manage production and supply chain efficiently.
Days' Sales
A financial ratio that indicates the average time in days that a company takes to sell its inventory, often referred to as days' sales in inventory or inventory turnover days.
Completed Products
Goods that have finished the manufacturing process and are ready to be sold to customers.
Goods Acquired
Refers to the products or commodities a company purchases to either resell or use in their production process.
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