A sample of 100 items is randomly selected from a shipment of incoming materials. AQL and LTPD have been established at 0.01 and 0.07, respectively. When four or more defective items are found in a sample, the shipment is rejected
What is the value of ?? Table G.1 is appended to this exam.
A) less than or equal to 0.04
B) greater than 0.04 but less than or equal to 0.06
C) greater than 0.06 but less than or equal to 0.08
D) greater than 0.08
A
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Soft law refers to the voluntarily adopted guidelines for corporate behavior derived from emerging norms and standards in international codes, declarations, and conventions.
a. true b. false
A company looking for venture capitalist funding is deciding on the design of its operating system (OS) for its new phone. The first option is to simply buy the OS from another company
This would result in sales of either 10,000 units if the market is not crowded with similar phones, or sales of only 3,000 units if the market is crowded. If the company decides to design its own OS, the phone would have sales of 70,000 units if the OS was popular, but sales of only 2,000 if the OS was a failure. Suppose that to recoup the cost of designing their own OS the company would need to sell twice as many phones as when they simply buy the OS for the profit from the scenarios to be equal. Which option should the company choose if the probability that the market is crowded is 50% and the probability that the OS is popular is 75%?