A quality control officer heads a department that manufactures 1,000,000 units per annum. Answer the following: a.
Question:
A quality control officer heads a department that manufactures 1,000,000 units per annum. Answer the following:
a. Is it feasible for him to check all units produced or to check a sample of 1,000 units?
b. State the possible benefits the officer will avail by testing a sample rather than the entire population
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a It is not feasible for the quality control officer to check all units produced With a production o...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Public Finance An International Perspective
ISBN: 9789814365048
1st Edition
Authors: Joshua E. Greene
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
Q1. You have identified a market opportunity for home media players that would cater for older members of the population. Many older people have difficulty in understanding the operating principles...
-
Nu-Look Design, Inc., operated as a residential home improvement company. During calendar years 1996, 1997, and 1998, Ronald A. Stark not only was Nu-Looks sole shareholder and president but also...
-
The following information pertains to Mason Company for 2018: Beginning inventory...............................90 units @ $40 Units purchased...................................310 units @ $45 Ending...
-
Potter Company has outstanding 20,000 shares of \(\$ 50\) par value, \(8 \%\) preferred stock and 60,000 shares of \(\$ 5\) par value common stock. During its first three years in business, it...
-
Journalize the following transactions for Antique Furniture, Inc., that occurred during the month of January. Jan 3 Purchased $5,700 of merchandise on account, terms 1/10, n/30, FOB shipping point....
-
1. Arthur is 65 years old. He supports his father, who is 90 years old, blind, and has no income. For 2014, how many exemptions should Arthur claim on his tax return? a. 1 b. 2 c. 3 d. 4 e. 5 2....
-
A displacement of 32 cm east is followed by displacements of 48 cm east and then 64cm west. What is the total displacement? At 3:00 p.m. a car is located 20 km south of its starting point. One hour...
-
Comment on the normality of the sampling distribution of mean when the a. sample size is 5 b. sample size is 2 c. sample size is 30 d. sample size is 100 Do so for the following scenarios: population...
-
The file RateBeerTop50 contains the percentage alcohol, alcohol by volume (abv), number of ratings (count), rank, and average score as of July 2018 for the top 50 beers of the world. Determine...
-
1. How would drivers make a rational decision about when to switch from E100 to blended petrol? 2. How would you work out the cross-price elasticity of demand for blended petrol with respect to a...
-
Szechwan Gardens, Inc. florist chain has a tax rate of $40 \%$, and they have some bonds outstanding (from an earlier store expansion) with a yield of $8 \%$. The CFO determined that the "best"...
-
In replacement problems the "life" of an asset is defined three ways. What are the three types, and why is the difference important?
-
To build out a complete set of services, a lab manager would like to add a small e-beam deposition machine that costs about $\$ 60,000$ to be more full-service to the lab customers as well as adding...
-
For Problem 9.19 a special "Tiger Team" has identified a different use for the $\$ 60 \mathrm{~K}$ that involves an incremental profit and cash flow (before tax and depreciation allowance) of $\$...
-
There are three general categories of capital budget scenarios: replacement, expansion, and investment in a NewCo. Describe the overall decision-making context for each. How do they draw on similar...
-
Identify the types of likely conflicts during the project buildup, main program, and phase-out stages.
-
2. Assume a person bends forward to lift a load "with his back" as shown in Figure P12.42a. The person's spine piv- ots mainly at the fifth lumbar vertebra, with the principal supporting force...
-
The life of a semiconductor laser at a constant power is normally distributed with a mean of 7000 hours and a standard deviation of 600 hours. (a) What is the probability that a laser fails before...
-
Continuation of Exercise 4-140. What should the mean life equal in order for 99% of the lasers to exceed 10,000 hours before failure?
-
Continuation of Exercise 4-140. A product contains three lasers, and the product fails if any of the lasers fails. Assume the lasers fail independently. What should the mean life equal in order for...
-
X 360.9375 meters 6. A car starting from rest moves in a straight line with a constant acceleration of 1.65 m/s for 12.5 s, then travels with a constant velocity for another 12.5 s. How far does it...
-
This article examines a recent contract dispute among several landlords who rent office space to the federal government in Arlington, Virginia, and the General Services Administration (GSA).The...
-
Problem 3. A human head can be modeled as 15cm diameter sphere, with the sculp covering approximately 25%. On average adults have 100,000 scalp hairs. a) What is the density of hairs, measured as...
Study smarter with the SolutionInn App