Concept explainers
(a)
Identify whether sampling or 100 percent inspection can be used for collecting data of ‘horsepower of each engine being installed in new cars’ based on cost of sampling and the presumed accuracy required.
(b)
Identify whether sampling or 100 percent inspection can be used for collecting data of ‘fuel consumption per seat mile of each Northwest Airlines flight’ based on cost of sampling and the presumed accuracy required.
(c)
Identify whether sampling or 100 percent inspection can be used for collecting data of ‘daily percent of customers who order low-carb menu items for each McDonald’s restaurant’ based on cost of sampling and the presumed accuracy required.
(d)
Identify whether sampling or 100 percent inspection can be used for collecting data of ‘life in hours of each lithium ion battery installed in new laptop computers’ based on cost of sampling and the presumed accuracy required.
(e)
Identify whether sampling or 100 percent inspection can be used for collecting data of ‘number of medication errors per month in a large hospital’ based on cost of sampling and the presumed accuracy required.
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Applied Statistics in Business and Economics
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