A Type I error occurs when:
A) a good lot is rejected.
B) a bad lot is accepted.
C) the number of defectives is very large.
D) the population is worse than the AQL.
E) none of the above
A
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A federal agency ordered KFC to stop running ads with false claims that its fried chicken is compatible with certain weight loss programs. Which agency had the authority to issue this order?
A) the Federal Trade Commission B) the Food and Drug Administration C) the Consumer Product Safety Commission D) the Interstate Commerce Commission E) the Federal Communications Commission
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Funds that invest in a portfolio of companies from the same or closely related industries are known as
A) aggressive growth funds. B) sector funds. C) emerging market funds. D) asset allocation funds.
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