A Company Manufactures Batteries in Batches of 23 and There

question 163

Multiple Choice

A company manufactures batteries in batches of 23 and there is a 3% rate of defects.Find the standard deviation of the number of defects per batch.

• A)0.800
• B)0.291
• C)0.815
• D)0.831
• E)0.818

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Definitions:

Tying Agreement

A practice where the seller of a product or service requires the buyer to also purchase another product or service.

Anticompetitive Effect

A situation or action that harms competition in a market, often by creating barriers to entry or monopolizing a sector.

Foreclosed

A legal process by which a lender takes possession of property used as collateral for a loan that has not been repaid according to the terms of the mortgage or deed of trust.

Antitrust Laws

Laws designed to protect trade and commerce from abusive practices such as monopolies, price fixing, and other unfair business practices.