Ten Samples of a Process Measuring the Number of Returns

question 30

Multiple Choice

Ten samples of a process measuring the number of returns per 200 receipts were taken for a local retail store. The number of returns were 10, 9, 11, 7, 3, 12, 8, 4, 6, and 11. Find the standard deviation of the sampling distribution for the p-bar chart.

• A) There is not enough information to answer the question.
• B) .081
• C) .0405
• D) .0273
• E) .0139

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Definitions:

Price-cost Margins

The difference between the selling price of a product and its cost of production, often expressed as a percentage.

Wine Merger

The combining of two or more companies engaged in the wine industry, aiming to increase market share, efficiency, or geographic reach.

Price-cost Margins

The difference between the selling price of a product and its production cost, expressed as a percentage of the selling price.

Wine Merger

The combination of two or more wine-producing companies into a single entity, which can lead to various economic efficiencies and market advantages.