Answer:
a) 0.118.
Explanation:
The computation of the UCL is shown below:
Given that
N = 100
<u>Sample Sample size Number of retests fraction defective </u>
1 100 4 0.04
2 100 11 0.11
3 100 6 0.06
4 100 10 0.1
5 100 4 0.04
6 100 6 0.04
7 100 1 0.01
8 100 6 0.06
9 100 9 0.09
10 100 11 0.11
Total 1,000 68
Now p is
= 68 ÷ 1000
= 0.068
Now the standard deviation is
= √p(1 - p) ÷ √n
= √0.068 × (1 - 0.068) ÷ √100
= 0.025
Now the UCL is
= p + z × standard deviation
= 0.068 + 2 × 0.025
= 0.118
Answer:
Amount of Grey tea = 100 pounds
Amount of Orange Pekoe tea = 300 pounds
Explanation:
let G = amount of Grey tea
let 400 - G = amount of Orange Pekoe tea
6G + 4 (400 - G) = 4.5 x 400
6G + 1,600 - 4G = 1,800
2G = 1,800 - 1,600 = 200
G = 200 / 2 = 100
400 - G = 400 - 100 = 300
Dont count me on this until someone seconds my answer but i think its about 50 million
Answer:
B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
Explanation:
As we know that the consumer surplus shows a difference between the maximum price willing to pay for a good or for rendering the service and the market price
In mathematically,
The consumer surplus = Willing to pay - Market price
Therefore, the correct statement is option B as the rest of the statements are wrong.
