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
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Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.
The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (
Answer:
A. $5,460
Explanation:
Expected rate of defects = 7%
Average repair cost = $70
Total sales = 1,200 units
Actual defective units = 6
Liability for product warranties (L) at month-end should be the difference between the expected warranty costs (EW) and the actual warranty (AW) costs:
Liability for product warranties at month-end should be $5,460.
Answer:
33.33%
Explanation:
Given:
Sales revenue = $360,000
Cost of goods sold = $240,000
Net income = $53,000
Now,
the gross profit = Sales revenue - Cost of goods sold
or
The gross profit = $360,000 - $240,000 = $120,000
Thus,
the company's gross profit ratio = 
or
The company's gross profit ratio = 
or
The company's gross profit ratio = 33.33%
Answer:
$5,790
Explanation:
As we know that
Future value = Present value × (1 + rate)^number of years
where,
Present value = $?
Future value = $12,500
Rate = 8%
Number of years = 10 years
So, the present value equal to
= $12,500 ÷ (1 + 0.08)^10
= $12,500 ÷ 2.1589249973
= $5,790
Basically we applied the future value formula so that the present value could come
