Ten Samples of a Process Measuring the Number of Returns

question 80

Multiple Choice

Ten samples of a process measuring the number of returns per 100 receipts were taken for a local retail store. The number of returns were 10, 9, 11, 7, 3, 12, 8, 4, 6, 11. Find the standard deviation of the sampling distribution. (Hint- Use p-bar formula)

• A) There is not enough information.
• B) .081
• C) 8.1
• D) .0273
• E) .0863

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Definitions:

Collective Wisdom

Collective Wisdom is the comprehensive insight or knowledge derived from the collaborative thinking and experience of a group of individuals, surpassing the understanding of any single member.

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A person who expresses a contentious opinion in order to provoke debate or test the strength of opposing arguments.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

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A creative group problem-solving and idea-generating technique designed to stimulate lateral thinking and produce a wide range of ideas.