A Random Sample of 49 Cast Aluminum Pots Is Taken

question 69

Multiple Choice

A random sample of 49 cast aluminum pots is taken from a production line once every day.The number of defective pots is counted.The proportion of defective pots has been closely examined in the past and is believed to be 0.05.What are the upper and lower control limits for the chart?

• A) -0.0434 and 0.1434
• B) 0.0 and 0.1434
• C) 0.1434 and -0.0434
• D) 0.1434 and 0.0

---

Definitions:

Insurance

A financial product that provides protection against financial loss resulting from specific risks.

Nature of Risk

The inherent features and characteristics of risk, including its potential to lead to negative outcomes or loss.

Conflagration Insurance

Insurance coverage designed to protect against losses from large and intensive fires that consume a wide area and a large amount of property.

Property Damage

Harm or destruction that affects the value or use of physical property.