Consider the Following to Answer the Question(s) Below

question 32

Multiple Choice

Consider the following to answer the question(s) below:
One division of a large defense contractor manufactures telecommunication equipment for the military. This division reports that 12% of non-electrical components are reworked. Management wants to determine if this percentage is the same as the percentage rework for electrical components manufactured by the entire company. The Quality Control Department plans to check a random sample of the over 10,000 electrical components manufactured across all divisions.
-They actually select a random sample of 450 electrical components and find that 46 of those had to be reworked. The 99% confidence interval is

• A) 0.0654 to 0.1390.
• B) 0.0432 to 0.1608.
• C) 0.0763 to 0.1277.
• D) 0.0541 to 0.1499.
• E) 0.0787 to 0.1257.

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Definitions:

Positioning Statement

A brief description that highlights how a brand or product uniquely meets the needs of its target market, differentiating it from competitors.

Premium-priced Automobile

Vehicles sold at a price above the average market rate due to their perceived quality, brand prestige, luxury, or performance features.

Niche Positioning

The strategy of targeting a specific, often small, segment of the market with tailored products or services, aiming to meet unique needs or preferences.

Extreme Sports Themes

The incorporation of extreme sports elements into various contexts, like marketing, to appeal to audiences interested in high-risk activities.