Instruction 2-14
the Ordered Array Below Resulted from Taking a Sample

question 27

Essay

Instruction 2-14
The ordered array below resulted from taking a sample of 25 batches of 500 computer chips and determining how many in each batch were defective.
Defects
$\begin{array} { l r r r r r r r r r r r } 1 & 2 & 4 & 4 & 5 & 5 & 6 & 7 & 9 & 9 & 12 & 12 &15\\ 17 & 20 & 21 & 23 & 23 & 25 & 26 & 27 & 27 & 28 & 29 & 29 \end{array}$
-Referring to Instruction 2-14,construct a relative frequency or percentage distribution for the defects data,using "0 but less than 5" as the first class.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and typically does not have voting rights but has a fixed dividend.

Common Stock

A type of equity security that represents ownership shares in a corporation, providing voting rights and entitling the holder to a share of the company’s success through dividends and/or capital appreciation.

Treasury Stock

Shares that were once part of the outstanding shares and were bought back by the company.

Preferred Stock

A class of ownership in a corporation with a priority claim on assets and earnings before common stock.