Historically, the Average Proportion of Defective Bars Has Been 0

question 23

Multiple Choice

Historically, the average proportion of defective bars has been 0.015.Samples of 100 bars each are taken.Construct a p-chart using z = 3.Suppose a sample had 0.044 defectives.What would you do?

• A)Nothing; it appears to be random variation.
• B)Look for assignable causes.
• C)Delete the sample with 0.044 defects and take another sample that is better.
• D)None of these choices

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Definitions:

Price Discrimination

Price discrimination occurs when a seller charges different prices to different customers for the same product or service, where such differences cannot be justified by variations in cost.

Group Boycotts

A concerted refusal by a group of businesses to deal with a particular company or a form of collective industrial action.

Sherman Act

A landmark federal statute in the United States antitrust law passed by Congress in 1890 to preserve competitive markets by prohibiting monopolies, cartels, and other forms of anti-competitive behavior.

Group Boycotts

A concerted action by businesses to exclude a party from commercial dealings, potentially violating antitrust laws.