Problem regarding the quality control

Assignment Help Accounting Basics
Reference no: EM131008504

Quality control

Production managers on an assembly line must monitor the output to be sure that the level of defective products remains small. They periodically inspect a random sample of the items produced. If they find a significant increase in the proportion of items that must be rejected, they will halt the assembly process until the problem can be identified and repaired.

a) Write null and alternative hypotheses for this problem.

b) What is the Type I and Type II error in this context?

c) Which type of error would the factory owner consider more serious?

d) Which type of error might customers consider more serious?

Reference no: EM131008504

Questions Cloud

Find what percentage of the observations fall in intervals : A sample of 3000 observations has a bell-shaped distribution with a mean of 82 and a standard deviation of 16. Using the empirical rule, find what percentage of the observations fall in the intervals x-bar ± 1s, x-bar ± 2s, and x-bar ± 3s
What role would random assignment play in this determination : The types of grasslands to be used include undisturbed native grasses, managed native grasses, undisturbed nonnative grasses, and managed non- native grasses. You are allowed a plot of land 500 meters square to study. Explain how you would determi..
Power of the test the regulators : Testing cars, again. As in Exercise 69, state regulators are checking up on repair shops to see if they are certifying vehicles that do not meet pollution standards. a) In this context, what is meant by the power of the test the regulators are cond..
What can be said about the percentage of salaries : Professors at a local university earn an average salary of $80000 with a standard deviation of $6000. The salary distribution is approximately bell-shaped. What can be said about the percentage of salaries that are at least $74,000
Problem regarding the quality control : Production managers on an assembly line must monitor the output to be sure that the level of defective products remains small. They periodically inspect a random sample of the items produced. If they find a significant increase in the proportion o..
At what rate is angle between the line and water changing : Angle of Elevation A fish is reeled in at a rate of l foot per second from a point 10 feet above the water (see figure). At what rate is the angle between the line and the water changing when there is a total of 25 feet of line out?
What extraneous variables are identi?ed in given statement : What extraneous variables are identi?ed in the given statement, and what strategy did the researchers use to deal with them? Do you think it was important that the men participating in the experiment were not told whether they were receivin..
The law of diminishing marginal returns hold : The law of diminishing marginal returns hold
Briefly describe any other steps gyi would take : Briefly describe any other steps GYI would take to appropriately report the situation.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prairie dunes company issues bonds dated january 1 2011

prairie dunes company issues bonds dated january 1 2011 with a par value of 800000. the annual contract rate is 13 and

  Describe ifrs and gaap

Evaluate at least three significant differences and similarities between IFRS and GAAP and the impact these similarities and differences can have on financial statements.

  How many units of product must be produced in 2015how many

odana plans to sell 90000 units of its only product at a price of 16 each.assume that there will be 7500 units of the

  Select an accounting scandal from the listing provided

Select an accounting scandal from the listing provided in class.

  Determining the optimal product mix with one constrained

determining the optimal product mix with one constrained resource.comfy fit company manufactures two types of

  Scribners corporation produces fine papers in three

scribners corporation produces fine papers in three production departments-pulping drying and finishing. in the pulping

  Explain what is meant by professor millers the cruelest

explain what is meant by professor millers the cruelest corruption of darwins theories in the carrie buck story.

  Identify the segments which are reportable segments under

xyz corporation has eight industry segments with sales operating profit and loss and identifiable assets at and for the

  Prepare the journal entries

Prepare the journal entries

  Dr. doe (doe) is a well-respected scientist

Dr. Doe (Doe) is a well-respected scientist who has just won the Nobel Prize in medicine for his work in developing a highly effective drug to prevent the common cold.

  Lbj company internal control

Explain the impact on internal controls if a company decides to "go public." What is the company doing right? Should they buy the indelible ink machine? What is the company is doing wrong? Make recommendations for improvement. Be sure to reference th..

  How many shares of common stock were outstanding

The following information pertains to Wise Corp. at January 1, 2013:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd