30. 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 in-crease in the proportion of items that must be rejected, they will halt the assembly process until the problem can be iden-tified and repaired.

a) in this context, what is a type i error?

b) in this context, what is a type ii error?

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

d) which type of error might customers consider more seri-ous?

Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

Which of the following would classify as a general education requirement