Samples of 100 checks each were taken at a bank from an encoding machine (which records the amount of a check) over a five-day period. Details are summarized in Table 5.3
If the bank were to use the average proportion defective from these five samples as the central line for a process control chart, what would be the central line?
A) less than or equal to 0.01
B) greater than 0.01 but less than or equal to 0.02
C) greater than 0.02 but less than or equal to 0.03
D) greater than 0.03
C
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In his liquidity preference framework, Keynes assumed that money has a zero rate of return; thus, when interest rates ________ the expected return on money falls relative to the expected return on bonds, causing the demand for money to ________
A) rise; fall B) rise; rise C) fall; fall D) fall; rise
If you sell stock from your portfolio to pay off your car loan, your debt ratio of 0.5 will
A) increase. B) decrease. C) stay the same. D) More information is needed to determine what effect this action will have.