TABLE 2-11
The ordered array below resulted from selecting a sample of 25 batches of 500 computer chips and determining how many in each batch were defective.
-Referring to Table 2-11, construct a histogram for the defects data, using "0 but less than 5" as the first class.
Definitions:
Purchase Allowance
Purchase allowance is a reduction in the purchase price, granted by the seller to the buyer, often due to defects in goods or discrepancies in the order.
Sales Discount
A reduction from the listed price of goods or services, offered by sellers to buyers under specific conditions.
Gross Profit
The difference between revenue and the cost of goods sold before accounting for certain other costs such as salaries, administrative expenses, and taxes.
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