Sixty Samples of Size 600 Each Were Drawn from a Manufacturing

question 138

Multiple Choice

Sixty samples of size 600 each were drawn from a manufacturing process and the number of defectives in each sample was counted. The average sample proportion was 0.04. The lower control limit for the p chart is:

• A) 0.008
• B) 0.016
• C) 0.064
• D) 0.048
• E) 0.032

Distinguish between essential and non-essential attributes for classification.

Apply rules of classification to various examples.

Evaluate organizational schemes for their coherence and adherence to classification rules.

Understand the relationship between concepts, genus, and species in organizational schemes.

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Definitions:

Simple Rate Of Return

The rate of return computed by dividing a project’s annual incremental net operating income by the initial investment required.

Salvage Value

The estimated residual value of an asset at the end of its useful life, representing what it could be sold for or scrapped.

Technologically Obsolete

Refers to products, services, or technology that have become outdated or no longer maintain a competitive advantage due to advancements in technology.

Simple Rate Of Return

A method to evaluate an investment's efficiency by dividing the annual incremental net operating income by the initial investment cost.