Examlex

Solved

Suppose It Is Known That 93 Percent of All Parts

question 97

True/False

Suppose it is known that 93 percent of all parts in an inventory of 18,900 parts are in workable order. If a sample of n = 100 parts were selected from the inventory, based on the concept of sampling distributions of proportions, it can be assumed that the sample proportion of workable parts will also be 0.93.


Definitions:

International Business

The commercial transactions that occur across national borders, involving the exchange of goods, services, technology, and capital among countries.

Human Rights Violations

Acts that infringe upon the basic rights and freedoms entitled to all human beings, often involving abuse or denial of fundamental freedoms.

Bribery

The act of giving or receiving something of value in exchange for some kind of influence or action in return that the recipient would otherwise not offer.

Corporate Ethics

The moral principles and standards that guide behavior within the business world.

Related Questions