Accepting a good-quality lot would be a <u><em>correct decision.</em></u>
OPTION B "correct decision" is the right answer according to Acceptance Sampling model.
Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.
It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.
Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.
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The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.
<h3>What cost would be relevant?</h3>
The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.
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Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
The approach that you should use to accomplish this would be to use the cost feature along with the duration and the cost options.
What to do to crash a schedule
In order to crash a schedule you have to
- analyze the part
- identify the tasks which could be shortened
- Make calculations for each task
- Choose the project that would cost you the less money.
- Prepare the crash budget.
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I think the annuity will be worth about 41,146 in 18 years, I hope this helped :)