An Inspector Inspects Large Truckloads of Potatoes to Determine the Proportion

question 72

Multiple Choice

An inspector inspects large truckloads of potatoes to determine the proportion p in the shipment with major defects prior to using the potatoes to make potato chips.If there is clear evidence that this proportion is less than 0.10,she will accept the shipment.To reach a decision,she will test the hypotheses H₀: p = 0.10 versus H_a: p < 0.10.To do so,she selects a simple random sample of 150 potatoes from the more than 3000 potatoes on the truck.Only 8 of the potatoes sampled are found to have major defects.What is the value of the large-sample z statistic?

• A)z = -2.33
• B)z = -1.91
• C)z = 2.33
• D)z = 1.91

Understand the concept of foreign bonds and their denomination in currencies.

Comprehend the role of importers and exporters in the foreign exchange market.

Understand the concepts of spot and forward exchange rates, and the terms premium and discount in currency exchange.

Grasp the calculation and implications of direct exchange rates.

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Definitions:

Abnormal Dilations

unusual expansions or widenings of vessels, cavities, or organ passages in the body.

Metabolism

The set of life-sustaining chemical reactions in organisms that involve the conversion of food to energy, the construction of proteins and nucleic acids, and the breakdown of waste products.

Fats

Nutrients that give energy, support cell growth, and help in the absorption of certain vitamins.

Niacin

A water-soluble B vitamin (B3) that is essential for energy metabolism and the health of the nervous system, skin, and digestive system.