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Instruction 10-11
A quality control engineer is in charge of the manufacture of computer disks.Two different processes can be used to manufacture the disks.He suspects that the Kohler method produces a greater proportion of defects than the Russell method.He samples 150 of the Kohler and 200 of the Russell disks and finds that 27 and 18 of them,respectively,are defective.If Kohler is designated as "Group 1" and Russell is designated as "Group 2",perform the appropriate test at a level of significance of 0.01.
-Referring to Instruction 10-11,the same decision would be made with this test if the level of significance had been 0.05 rather than 0.01.
Population
The total set of individuals or items of interest for statistical, analytical, or research purposes.
Per Annum
An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.
Rate Of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.
Investment Account
An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for investors.
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