Which of the Following Statements Is TRUE

question 47

Multiple Choice

Which of the following statements is TRUE?

• A)Sequential-sampling plans are preferred to single-sampling plans because the average number of items inspected is generally lower.
• B)With a sequential-sampling plan,each time an item is inspected,a decision is made to accept or reject a lot.
• C)With a sequential-sampling plan,sampling continues until the lot is rejected.
• D)Sequential-sampling plans are defined by four parameters: n1,n2,c1,c2.

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Definitions:

Trade Surplus

An excess of exports over imports.

Net Capital Outflow

The difference between a nation's total exports of physical assets and its total imports of physical assets within a given period.

Domestic Assets

Assets located within a country's borders, including both tangible and intangible assets owned by residents or entities, and contributing to the national economic value.

Trade Surplus

A situation where a country's exports exceed its imports over a given period, indicating a net inflow of domestic currency from foreign markets.