Using samples of 200 credit card statements, an auditor found the following:
Use Table-A.
Sample 1 2 3 4
Number with errors 4 2 5 9
a. Determine the fraction defective in each sample. (Round your answers to 3 decimal places.)
Sample Fraction defective
1 2 3 4 b. If the true fraction defective for this process is unknown, what is your estimate of it? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)
Estimate %
c. What is your estimate of the mean and standard deviation of the sampling distribution of fractions defective for samples of this size? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
Mean Standard deviation d. What control limits would give an alpha risk of .03 for this process? (Do not round intermediate calculations. Round your "z" value to 2 decimal places and other answers to 4 decimal places.)
z = , to
e. What alpha risk would control limits of .047 and .003 provide? (Do not round intermediate calculations. Round your "z" value to the nearest whole number and "alpha risk" value to 4 decimal places.)
z = , alpha risk =
f. Using control limits of .047 and .003, is the process in control?
Yes
No
g. Suppose that the long-term fraction defective of the process is known to be 2 percent. What are the values of the mean and standard deviation of the sampling distribution? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Mean Standard deviation

Answers

Answer 1

The share or fraction nonconforming (defective) in a populace is described as the ratio of the wide variety of nonconforming objects in the populace to the total quantity of objects in that population.

What is fraction faulty in industrial engineering?

[′frak·shən di′fek·tiv] (industrial engineering) The number of units per 100 pieces which are defective in a lot; expressed as a decimal.

The P-chart is additionally known as the “fraction defectives” or “fraction non-conforming chart,” due to the fact it is used to screen and control the fraction produced in a manner that is faulty or non-conforming.

The high-quality turned out by way of the Manufacturing process over a lengthy period of time is known as Process Average Fraction defective denoted by way of . In Industry, the fine of any method tends to settle down to some degree which is expected to be more or much less the equal every day for a particular machine.

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Related Questions

Which of the following influences the consumer when he or she is deciding wether to buy a product?
A. The stock market
B. Opinion factors
C. External factors
D. Multiple factors

Answers

Answer:

D.

Explanation:

The factors that infuence a consumer's decision of buying product are multiple. It can be internal, external, economic, cultural, etc.

These factors include psychological factor, social factor, cultural factor, situational factor, etc.

Many times it's psychological factors such as moods. If a person is in bad or good mood, it will affect his behavior to buy a product. Culture or social life also influences consumer's buying habit. Some buy under peer pressure or to have status in society.

Therefore, option D is correct.

Answer: External factors

Explanation:

How do you think business impact suppliers and investors in terms of capital and income​?​

Answers

Answer:

It is important to select suppliers carefully as suppliers can affect the businesses they provide goods to. If a supplier provides a poor quality product to a firm, it may affect the firm's reputation as the firm will need to use the goods or sell them onto their customers.

Explanation:

Suppliers are the most important link in the business chain. They can never be separated from the business itself as they act as the most important intermediary for owners and consumers.

On the other hand, investors get impacted the most as the share price of the companies are hugely impacted by the performance of the business and are appreciated when the business posts excellent results in its annual or quarterly period.

A business can impact suppliers in a way that if the manufacturers are not ready with the finished goods, the supply chain will automatically be stopped which will reduce sales by a good number.

On the other hand, Investors are the owners of the business for the part of no. of shares being held by them. However the management of the business is in the hands of the managers and if they don't run the business well, the stock prices would decline resulting in dismay for the investors.

Suppliers as well as investors are directly related to the performance of the company as efficient management by the business leads to betterment of them and vice versa.

Hence, the owners as well as the investors are directly affected with the performance by the management of the business and are equally acquainted to the business.

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you have to talk about trade between different nations,Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words, discuss how you have personally benefited from trade and provide at least 2 examples. Identify 1 positive impact of trade on your life and 1 way that you have been negatively impacted also. you have to talk about trade between different nations

Answers

Answer:

hi u can be my friend

Explanation:

old plz

If you pick up a rider for an Uber X trip, how
do you determine the route?

Answers

Answer: Go into the app, then there should be a map button or route button. Click on it and then press route.

Explanation:

A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following: Marketing Costs = $1,200 Sales Costs = $9,000 Salaries = $87,000 What was the Customer Acquisition Cost?​

Answers

Answer:

$15

Explanation:

To get the customer acquisition cost you divide the marketing cost by the new customers, in this case $1,200 ÷ 80 = $15

The customer acquisition cost is the cost that is used to acquire the cost of new customers in the given case, Customer Acquisition Cost is $15.

What is customer acquisition cost?

Customer Acquisition Cost is defined as that cost which is incurred by the business for acquiring a cost of a new customer. Customer Acquisition Cost is the cost of besting a customer to purchase a particular product or service.

Formula:

\(\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}\)

Computation of customer acquisition cost:

According to the question,

Marketing Costs = $1,200, and

New Customers  = 80.

Now, apply the given values in the above formula,

\(\text{Customer Acquision Cost}=\dfrac{\text{Marketing Costs}}{\text{New Customers}}\\\\\text{Customer Acquision Cost}=\dfrac{\$1,200}{80}\\\\\text{Customer Acquision Cost}=\$15\)

Therefore, the customer acquisition cost in the given case is $15.

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10. What influences consumer purchasing behaviors? (5 points)

Answers

Answer:

trends, the buyers personality, and other peoples influence

Explanation:

a project has projected cash flows of -$350,000, $32,800, -$8,500, $56,250 and $471,500 for years 0 to 4, respectively. should this project be accepted based on the combination approach to the modified internal rate of return if both the discount rate and the reinvestment rate are 12.6 percent?

Answers

The discount rate and the reinvestment rate are 12.6 percent: = 1.13 - 1 = 0.13, or 13%

The term cash flow refers back to the internet amount of money and coins equivalents being transferred in and out of an enterprise. coins received represent inflows, while money spent represents outflows.

The cash waft declaration includes cash made by means of the business via operations, investment, and financing—the sum of that is known as internet coins float. the primary phase of the coins glide assertion is cash drift from operations, which incorporates transactions from all operational enterprise sports.

Solution:-

[CF(i) * (1 + r)(n - i)]

= [$32,800 * (1 + 0.126)(4 - 1)] + [$56,250 * (1 + 0.126)(4 - 3)] + [$471,500 * (1 + 0.126)(4 - 4)]

= $46,826.21 + $63,337.50 + $471,500 = $581,663.71

PV of Cash Inflows = [CF(i) / (1 + r)i]

= $350,000 + [$8,500 / (1 + 0.126)2]

= $350,000 + $6,704.13 = $356,704.13

MIRR = [FV of Cash Inflows / PV of cash outflows]1/n - 1

= [$581,663.71 / $356,704.13]1/4 - 1

= [1.6307]1/4 - 1

= 1.13 - 1 = 0.13, or 13%

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What are the basic points to be considered while running the occupation? for each of them​

Answers

Answer:

interest

qualification

skills

finance

I need points 5),:6)6

Suppose GDP for 2020 was (in millions) $1,500, wages and salaries were $800, rent payments were $200, consumption was $1000, and interest payments were $200. What must the value of profits have been

Answers

GDP for 2020 was (in millions) $1,500,wages and salaries were $800,rent payments were $200,consumption was $1000, and interest payments were $200.

Find the value of profits:We know that:GDP = C + I + G + (X - M)Here, the value of GDP is $1,500Consumption (C) = $1,000Interest payments (I) = $200Therefore, investment (I) = GDP - C - I= $1,500 - $1,000 - $200= $300Further, we know thatNational Income = wages and salaries + rent payments + interest payments + profitsHere.

wages and salaries = $800Rent payments = $200Interest payments = $200National Income = $800 + $200 + $200 + Profits= $1,200 + ProfitsTherefore, Profits = National Income - ($1,200)= $1,500 - $1,200= $300Therefore, the value of profits must have been $300 million.Hence, the required value of profits was $300 million.

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Which of the following would NOT be a condition associated with monopolistic competition?

Answers

Where is the following answers?

anyone know PNC banks atm fees?

Answers

Answer:

$500 i think is the answer

Explanation:

hope it helps

$500 i think just try it

Investor a intends to invest $850,000 in a new business. the financial projections show that during the first year of operations the business will generate $70,000 in profit for the year. in order to finance the investment, investor a has applied for a business loan with an interest rate of 7%. required: 1.) calculate the expected return on assets. (state as a percentage) 2.) state the cost of financing. (state as a percentage) 3.) should investor a invest in the new business? why or why not?

Answers

the expected return on assets will be = 1.24%

State the cost of financing =  98.86%

Investor a should invest in the existing business  because it has a profitablity index greater than 1

Capital = $850000

Profit = $70000

Loan with 7% interest

Amount to be paid back = capital + interest

7% of $850000

= (7/100)×$850000

= 0.07× $8500

= $59500

Amount to be paid back = $850000 + $59500

=  $909500

Expected return on the investment = (capital + profit) - Amount to be paid back

= (850000 + 70000) - 909500

= 920000 - 909500

= $10500

As percentage

(Expected return on the investment/ Amount invested) × 100%

= (10500/85000)×100%

= 0.01235 × 100%

= 1.24%

2) The cost of financing the project

Cost of financing the project = capital + interest

7% of $850000

= (7/100)×$850000

= 0.07× $8500

= $59500

Cost of financing the project = $850000 + $59500

=  $909500

As percentage

(Cost of financing the project/(capita + profit)) × 100%

= (909500/(850000 + 70000))×100%

=(909500/920000)×100%

= (0.9886) ×100%

= 98.86%

3) profitability index = (initial investment + net present value)/ initial investment

= (850000 + 70000)/850000

= 920000 / 850000

= 1.08

Since the profitability index is greater than 1, it means the investment creates value therefore the investor can continue with the investment

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The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choice question. international-trade effect real-balances effect price-level effect interest-rate effect

Answers

Answer:

Explanation:

Hi

The price-level effect is regarded as a situation in which the purchasing power of the customer of its total accumulated savings balances.

How does price level affect the purchasing power of a person?

Price level refers to an amount for which a certain product is available for sale. It is assumed that the savings of the consumer who is willing to buy does NOT change in the meanwhile.

If the price level of a product decreases, the net disposable income in the hands of a consumer will ultimately increase. Similarly, when the price level is higher, the net disposable income in the hands of the consumer is reduced, leading to a decrease in its purchasing power.

For example, when the savings of a person is 100 and the Product A costs 50 the consumer buys 2 units; When the prices are increased to 100, now the consumer can buy only 1 unit of Product A, indicating a decrease in the purchasing power of the person.

Hence, the price level effect is when the higher price level reduces the purchasing power of the public's savings.

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is esports better than sports? Explain?

Answers

Answer:

Sports are better than esports

Explanation:

Sports are not only important for physical health but also for mental health.

Esports without a doubt

Is it better to create a product that benefits society or create a product that consumers want?

Answers

Answer:

Benifits society

Explanation:

According to the unit, what percentage of shoppers used a coupon in 2012?

A. 78%

B. 85%

C. 93%

D. 100%

Answers

today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c

Answer:

78%

Explanation:

I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P

Which of the following is an example of a game where the customer can choose their own numbers

Answers

The game where players are allowed to pick their own numbers is the game of Mega-Millions.

What is Mega-Millions?

This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.

The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.

Options for this question were:

a. Quick Pick game.

b. Mega Millions.

c. Instant Scratch-Off game.

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Entries for Direct Labor and Factory Overhead

Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows:

Job 11-101 $4,640
Job 11-102 5,510
Job 11-103 6,612
Job 11-104 12,760
Job 11-105 18,270
Factory supervision 12,500
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $23 per direct labor hour. The direct labor rate is $29 per hour.

a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

Work in Process
Factory Overhead
Wages Payable
Feedback

a.Increase the work in process for the direct labor and factory overhead for the indirect labor.

b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank.

Work in Process
Factory Overhead

Answers

Answer and Explanation:

The journal entries are shown below:

a.

Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792

Factory Overhead $12,500  

       Factory Wages $60,292

(being the factory labor cost is recorded)

b.

Work in process inventory  ($47,792 ÷ 29 × 23) $37,904

         To Factory Overhead $37,904

(being the factory overhead applied to production is recorded)

A credit card holder has an outstanding balance on four different credit cards. which method of paying off the credit card will save the most money? a. snowballing payments according to the highest interest rate b. snowballing payments according to the lowest balance c. making fixed payments each month d. paying the minimum balance each month

Answers

The method of paying off the credit card that will save the most money is snowballing payments according to the highest interest rate.

This method involves making the minimum payments on all credit cards except the one with the highest interest rate, on which the debtor will make the largest payment possible. Once the card with the highest interest rate is paid off, the debtor moves on to the next card with the highest interest rate and so on until all the cards are paid off. This method saves the most money because it reduces the amount of interest that accrues over time.

In contrast, snowballing payments according to the lowest balance (option b) may provide a psychological boost by quickly eliminating a debt, but it may not save as much money in the long run. Making fixed payments each month (option c) and paying the minimum balance each month (option d) will result in more interest being paid over time and will therefore not save as much money as snowballing payments according to the highest interest rate.

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there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?

Answers

Answer:

The price of the cereal would fall.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.

what are some basic marketing strategies

Answers

Claim Your Business Online.  

think positively.ALWAYS THINK POSITVE!!!

promote it n social media.

be loud to people to everybody be aware of your buisness.

Advertise Online.  

HOPE this helps

take care have a good day

What are the remedial measures of unemployment in nepal?explain​

Answers

Measures to reduce unemployment: (1) Remedial measures: (a) Labour intensive techniques; (b) Population control; (c) Remove bottlenecks in the way of working of industries; (d) Encourage self-employment; (e) Policy of decentralisation; and (f) Restructuring the educational system.

give four features of subsistence production​

Answers

Answer:

The main features of Subsistence Farming are as follows:

In subsistence farming, landholdings tend to be small and scattered.

The farmers tend to use traditional methods of agriculture.

The output is not very high and it is consumed within the family........

101
d Discuss whether or not gold rings can carry out the functions of money. (8)​

Answers

Answer:

Money is called any element that works in a given territory as a method of exchange of wealth and as a reserve of value, that is, it can be exchanged between individuals for other goods, and that in turn can be accumulated by each individual to add to your personal wealth. In this context, almost any item that has been commonly accepted as having these characteristics can be considered money. However, there are circumstances in which, either due to their lack of storage practicality, or their high value in itself, certain elements escape this possibility. This is the case of a gold ring, whose excessively high value and the impossibility of its fractionation take away the possibility of being used as a method of exchange.

Both Jane and Bob buy and sell stocks. Just recently Jane has invested in one particular stock but won’t tell Bob which stock it is. Bob has narrowed it down to the three companies BNQ, StoneTex and JapBank. From past experience, Bob knows that Jane will choose BNQ 50% of the time, StoneTex 20% of the time, and JapBank 30% of the time. Historically, StoneTex has made a profit for investors 90% of the time, JapBank 80% of the time and BNQ 60% of the time.

(1) What is the probability of Jane making a profit?

(2) Bob finds out that Jane made a profit. What is the probability that he invested in StoneTex?

Answers

The probability of Jane making a profit is calculated as follows:

1-Probability of choosing BNQ = 0.5Probability of making a profit by investing in BNQ = 0.6Probability of choosing StoneTex = 0.2Probability of making a profit by investing in StoneTex = 0.9Probability of choosing JapBank = 0.3Probability of making a profit by investing in JapBank = 0.8Then, the total probability of Jane making a profit is calculated as:Probability of making a profit = (0.5 x 0.6) + (0.2 x 0.9) + (0.3 x 0.8)= 0.3 + 0.18 + 0.24= 0.72

2-Therefore, the probability of Jane making a profit is 0.72 or 72%.(2) The probability that Bob invested in StoneTex given that Jane made a profit is calculated using Bayes' theorem as follows:Probability of Jane choosing StoneTex and making a profit = (0.2 x 0.9) = 0.18Probability of Jane choosing BNQ and making a profit = (0.5 x 0.6) = 0.3Probability of Jane choosing JapBank and making a profit = (0.3 x 0.8) = 0.24Total probability of Jane making a profit = 0.72

3-Then, the probability of Bob investing in StoneTex given that Jane made a profit is calculated as:Probability of Bob investing in StoneTex given that Jane made a profit = Probability of Jane investing in StoneTex and making a profit / Probability of Jane making a profit= 0.18 / 0.72= 0.25 or 25%

Therefore, the probability that Bob invested in StoneTex given that Jane made a profit is 0.25 or 25%.

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T/F : an advantage of a u-shaped production line is that it facilitates teamwork and flexibility in work assignments.

Answers

True. A u-shaped production line offers advantages in terms of facilitating teamwork and flexibility in work assignments. This layout encourages collaboration among workers and allows for easy communication and coordination. The U shape promotes a sense of unity and shared responsibility, enhancing overall productivity and efficiency.

   A u-shaped production line is designed in the shape of the letter "U," with workstations arranged along the curve. This layout has several benefits that contribute to improved teamwork and flexibility in work assignments. Firstly, the U shape encourages collaboration among workers. With workstations positioned closer together, it becomes easier for employees to communicate, share ideas, and cooperate on tasks. This fosters a sense of unity and shared responsibility, leading to better teamwork and enhanced productivity.

Additionally, the u-shaped layout facilitates efficient coordination. The curve of the line allows for clear visibility of the entire production process, enabling supervisors to monitor workstations effectively. This visibility helps in identifying bottlenecks or issues promptly and taking necessary actions to maintain workflow efficiency.

Moreover, the U shape reduces excessive walking or transportation within the production area. The proximity of workstations allows for swift movement of materials and reduces the time wasted on unnecessary travel. This optimized workflow minimizes delays and enhances overall efficiency in completing tasks.

The flexibility provided by the u-shaped production line is another advantage. Workers can easily switch between workstations, allowing for flexibility in work assignments. This flexibility enables companies to adapt to changing production requirements or varying skill sets of employees without significant disruption to the workflow.

In conclusion, a u-shaped production line offers advantages in terms of facilitating teamwork and flexibility in work assignments. The layout promotes collaboration among workers, enables efficient coordination, optimizes workflow, and allows for easy adaptability. These factors contribute to enhanced productivity, efficiency, and overall success in various manufacturing processes.

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What type of market does the NFL have in purchasing professional football labor?

Answers

The market that the NFL has in purchasing professional football labor is a monopsony.

A monopsony occurs when there is only one buyer of a particular type of labor or input. In the case of the NFL, it is the only buyer of professional football labor. Players who want to play professional football must negotiate with the NFL and its member teams in order to secure a job.

The NFL also has the ability to enforce strict rules and regulations, such as the salary cap, that limit the amount of money that teams can spend on player salaries.

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brandon owes his brother $120. he has a stamp collection worth $1,250 and he has $300 in a bank account. he also has a skateboard worth $95.which are brandon’s assets?

Answers

Brandon’s assets are of $1550

According to the question Brandon owes his brother $ 120 which means that he has to repay $120 to his brother.  

Now  he has a stamp collection of  $ 1,250, bank account of $ 300 and also a skate board worth $ 95.

The assets of Brandon are:

Stamp collection = $ 1,250

Bank account = $ 300

Therefore Total assets are of:

=1250+300

=1550 $

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Rhoda takes a job with a construction company. She earns $5 an hour for the first 40 hours of each week and then gets "double-time" for overtime. That is, she is paid $10 an hour for every hour beyond 40 hours a week that she works. Rhoda has 70 hours a week available to divide between construction work and leisure. She has no other source of income, and her utility function is U = cr where c is her income to spend on goods and r is the number of hours of leisure that she has per week. She is allowed to work as many hours as she wants to. How many hours will she work? Please show work! The answer is 45.

Answers

Rhoda will work 40 regular hours and 30 hours of overtime, for a total of 70 hours of work per week. Her optimal leisure time is 0, which means she will not have any time for leisure.

However, this solution assumes that Rhoda values all leisure time equally, which may not be the case in reality. In practice, she may choose to work fewer hours and have more leisure time if she values her leisure time.

Taking the partial derivatives with respect to x, y, and λ, and setting them equal to : \(∂L/∂x = 5r - λ = 0 ∂L/∂y = 5r - λ = 0 ∂L/∂λ = x + y - 70 = 0\)

From the first two equations, we get: λ = 5r Substituting this into the third equation, we get: x + y = 70. Substituting λ = 5r into the first equation, we get: 5r = 5r.

This is always true and does not give us any additional information. Now we can solve for x and y: x = 30 (from the first constraint) y = 40 (from x + y = 70)

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Upon dissolution of the partnership, one -third of the goes to each of its three founding partners. Since Partner Abel is deceased, his portion is split evenly among his four heirs. What portion of the company's value does each of these heirs receive?

Answers

Upon the dissolution of the partnership, the portion that would have gone to Partner Abel is split evenly among his four heirs, resulting in each heir receiving 1/4th (25%) of the company's value.

In this scenario, with three founding partners and the dissolution of the partnership, the value of the company is divided equally among the partners, resulting in each partner initially receiving 1/3rd (33.33%) of the company's value.

However, since Partner Abel is deceased, his portion is distributed among his four heirs.

Since the portion that would have gone to Partner Abel is now split evenly among his four heirs, each heir would receive an equal share. Therefore, each heir receives 1/4th (25%) of the company's value. This distribution ensures fairness and equal treatment among Partner Abel's heirs.

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