In Attributes Sampling,a 10% Change in Which of the Following

question 37

Multiple Choice

In attributes sampling,a 10% change in which of the following factors normally will have the least effect on the size of a statistical sample?

• A) Population size.
• B) Tolerable deviation rate.
• C) Expected population deviation rate.
• D) Standard deviation.

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Definitions:

Industry Standard

A set of criteria within an industry that acts as an agreed-upon norm or benchmark for products, services, and processes.

Economies of Scale

A concept in economics where increasing the scale of production leads to a decrease in the average cost of each unit produced.

Natural Monopolies

Industries in which high infrastructure costs and other barriers make it efficient for a single company to supply all of the market's needs.

Output

The total quantity of goods or services produced by an individual, firm, or country over a specified period.