Random Samples of Four Items Are Selected from a Manufacturing

question 12

Multiple Choice

Random samples of four items are selected from a manufacturing process at regular intervals and a certain quality characteristic is measured. After 25 samples, = 15,350 and = 411.4. How many samples were collected?

• A)4
• B)25
• C)100
• D)20

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Definitions:

Consumption

The act of using goods and services to fulfill individual or collective needs and desires, driving the demand side of an economy.

Government Purchases

Government Purchases are expenditures on goods and services made by the government, which can influence the economy's aggregate demand.

Recessionary Gap

The difference between the actual output in an economy and the potential output it could achieve with full employment.

Foreign Exchange

The conversion or trading of one currency into another currency.