The Number of Defectives in the Samples of 50 Observations

question 67

Multiple Choice

The number of defectives in the samples of 50 observations each are the following: 5,1,1,2,3,3,1,4,2,3.What is the estimate of the population proportion of defectives?

• A)0399
• B)0098
• C)1700
• D)0500
• E)0813

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Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Interest Rates

The cost of borrowing money or the return earned on an investment, usually expressed as a percentage.

Inflation

The rate at which the general level of prices for goods and services is rising, and, consequently, purchasing power is falling.