Which of the following statements is true regarding sample inspection?
A) The sample should be taken from the last parts produced because there is less chance of error.
B) One reason to sample inspect is because of human error.
C) There is no risk to either the consumer or producer.
D) Acceptance sampling requires 100% inspection.
B
Business
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Statistical concepts such as mean, median, and frequency distribution are forms of __________ analysis.
a) differences b) association c) predictive d) descriptive
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Private, unincorporated mutual insurers that consist of associations that agree to equally share risks among its members are known as:
a. Captive insurers. b. Risk retention groups. c. Fraternal benefit societies. d. Reciprocal exchanges.
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