Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:A quality control process finds 56.7 defects for every 8,100 units of production. What percent of the production is
defective?
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Step 1
Production process refers to the conversion of raw material into final produced product that passes through different and various stages. Defects in the production process is the mistake that a product faces at any stage of the production that result in rejection of the product to be delivered to end customer.
The percentage of defective in the production process is the total number of units found defective from the total units produced during a particular period or by a particular batch or division.
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