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cluponka [151]
2 years ago
8

The risk encountered by a firm of classifying a production process as ""out of control"" when it is truly in control is often ca

lled?
Business
1 answer:
zheka24 [161]2 years ago
7 0

The risk encountered by a firm of classifying a production process as ""out of control"" when it is truly in control is often called Producer's risk.

The possibility that a quality batch or product will be rejected by an inspection is the producer's risk. Alpha error or Type I error are other names for it. It's the likelihood that a batch with a quality that is higher than the acceptable quality level you've set will be rejected.

The rejection of the null hypothesis when it is true is the producer's risk, to put it technically. Technically speaking, the null hypothesis is the conviction that the relationship between variables is only the result of chance. Quantifying a producer's risk involves a lot of numbers, but the average person usually doesn't need to be familiar with the intricate math involved.

Understanding the underlying idea of the statistics is crucial. You only need to comprehend why the producer's risk is so named—unless you're a number cruncher—because when this mistake—rejecting good parts—is made, the manufacturer loses money.

Learn more about Risks here brainly.com/question/13484604

#SPJ4

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Answer:

$19,083

Explanation:

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6 0
4 years ago
_____ is short-term employment that may allow you to develop contacts that may help in finding a permanent job a. Part-time work
yarga [219]

Answer:

Temp Work

Explanation:

because temp work is limited to a certain period of time based on the needs of the employing organization.

4 0
3 years ago
Read 2 more answers
Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian
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Answer:

making a product decision

Explanation:

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4 0
3 years ago
Land and other real estate held as investments by endowments in a government's permanent fund should be reported at
VashaNatasha [74]

Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

A. Historical cost.

B. Fair value less costs of disposal.

C. Fair value.

D. The lower of cost and net realizable value.

Answer:

C. Fair value.

Explanation:

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.

The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.

5 0
3 years ago
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statuscvo [17]

Answer:

[D]

Explanation:

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3 years ago
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