Use the Following Table to Answer the Question(s) Below

question 85

Multiple Choice

Use the following table to answer the question(s) below.

-A manufacturer of FAX machines checks samples of 50 units for functionality at the conclusion of the assembly process. The results of 10 samples are shown below: What is the average proportion defective?

• A) 0.07
• B) 0.14
• C) 0.21
• D) 0.28
• E) 0.35

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Definitions:

Net Value

The difference between the total benefits and total costs associated with an economic activity or transaction.

Long Run Deficit

A fiscal situation where a government consistently spends more than it earns over an extended period, leading to sustained budget deficits.

Nominal Wages

The wages that are paid to employees without adjustment for inflation, representing the dollar amount of the pay before considering purchasing power.